In the result, appeal filed by the assessee is allowed for statistical purposes
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
221 to 242, which are reproduced below:– “The Assessee is an individual running a jewellery business under the proprietorship concern M/s Khandelwal Jewellers. The assessee is engaged in this line of business for 5 decades. 1. Addition of Rs. 5,20,84,000 as unexplained cash credit under section 68 1.1. The assessee‟s proprietorship concern is almost 5 decades