{"id":274895,"date":"2022-10-03T09:00:36","date_gmt":"2022-10-03T03:30:36","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=274895"},"modified":"2022-10-03T09:00:36","modified_gmt":"2022-10-03T03:30:36","slug":"itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2022\/10\/03\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\/","title":{"rendered":"Why did ITAT decide to delete the addition of streedhan as \u2018unexplained investment\u2019 for the purposes of income assessment? Read to know"},"content":{"rendered":"<p style=\"text-align: justify;\"><b><span data-contrast=\"auto\">Income Tax Appellate Tribunal (ITAT), Jaipur: <\/span><\/b><span data-contrast=\"auto\">While deciding the instant appeal revolving around the addition of the assessee\u2019s generational <\/span><i><span data-contrast=\"auto\">streedhan<\/span><\/i><span data-contrast=\"auto\"> as unexplained investment for the purposes of income assessment, the Bench of Sandeep Gosain (Judicial Member) and Rathod Kamlesh Jayantbhai (Accountant Member), held that the AO ignored and failed to verify the factual position in the instant matter whereby which it was clear that the assessee lives with his parents and belongs to the high-status Rajput family where it is traditional to have jewellaries received from mother and wife in the form of <\/span><i><span data-contrast=\"auto\">streedhan<\/span><\/i><span data-contrast=\"auto\">. The Tribunal, keeping in mind the high status, family tradition, deduction on account of purity and the deduction towards <\/span><i><span data-contrast=\"auto\">streedhan, <\/span><\/i><span data-contrast=\"auto\">held that<\/span> <span data-contrast=\"auto\">the excess jewellary found during search was nominal and the addition sustained by the CIT(A) deserves to be deleted on the grounds raised by the assessee.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b><span data-contrast=\"auto\">Facts and Contentions: <\/span><\/b><span data-contrast=\"auto\">Pertaining to the Assessment Year 2018-19, the assessee, an architect by profession, was treated as a member of Kiran Fine Jewellars Group, in a search action under Section 132 of Income Tax Act. During the search, total jewellary comprising of gold jewellary studded with precious and semi-precious stones weighing 1921.800 gms valued at Rs.47,97,013, valuing Rs.6,47,773 and silver jewellary valued at Rs.2,02,628 was found. During the course of assessment proceedings, the AO allowed the benefit in respect of gold jewellary worth 1300 gms in terms of CBDT Instruction No. 1916 dated 11-05-1994 and made the addition of Rs.24,03,035 was made on account of jewellary found during the search and was treated as an unexplained investment.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span data-contrast=\"auto\">The assessee however kept maintaining his stand that he was only related with the Group in professional capacity. The CIT(A) partly allowed the assessee\u2019s appeal and restricted the addition to Rs.17,55,262.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span data-contrast=\"auto\">The counsel of the assessee contended that the jewellary found during the search belonged to his ancestral family and was received on the occasion of his marriage, marriage of his parents, at the time of birth of his son and other family functions\/occasions. It was further submitted that assessee belongs to Rajput Community of Rajasthan and as per customs of the Community, some of the Gold\/Silver Jewellary\/articles are passed on to the subsequent generations and some of the jewellary was received on various festivals\/ auspicious occasions and ceremonies, which is a part of <\/span><i><span data-contrast=\"auto\">streedhan<\/span><\/i><span data-contrast=\"auto\"> and deserves to be treated as explained.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><b><span data-contrast=\"auto\">Observations: <\/span><\/b><span data-contrast=\"auto\">The Tribunal perused the facts and contentions presented in the matter and observed that the intent behind CBDT Instruction No. 1916 dated 11-05-1994 (relating to seizure of jewellary during search) \u201c<\/span><i><span data-contrast=\"auto\">is to stick to the jewellary limits mentioned in the Circular. There was no point in inserting the provision in clause (iii) which grants discretionary power to the Income Tax Authorities to decide as to what can be a reasonable quantity of jewellary held by an assessee in view of community practices and social status<\/span><\/i><span data-contrast=\"auto\">\u201d.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span data-contrast=\"auto\">Therefore, considering the totality of facts and circumstances of the instant case, the Tribunal noted that the AO ignored the social status and community practices of the assessee, who belongs to the Rajput Community. The Tribunal decided to delete the addition of <\/span><i><span data-contrast=\"auto\">streedhan<\/span><\/i><span data-contrast=\"auto\"> keeping in mind the afore-stated grounds<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span data-contrast=\"auto\">\u00a0<\/span><b><span data-contrast=\"auto\">[Gyanendra Singh Shekhawat v. ACIT, ITA No. 49\/JP\/2022, decided on 27-07-2022]<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: justify;\"><b><span data-contrast=\"auto\">Appearances-<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span data-contrast=\"auto\">Assessee by: Manish Agarwal, CA<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span data-contrast=\"auto\">Revenue by: Sanajy Dhariwal, CIT<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: justify;\"><strong>*Sucheta Sarkar, Editorial Assistant has prepared this brief.\u00a0<\/strong><\/p>\n<p style=\"text-align: justify;\"><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Income Tax Appellate Tribunal (ITAT), Jaipur: While deciding the instant appeal revolving around the addition of the assessee\u2019s generational streedhan as unexplained <\/p>\n","protected":false},"author":67011,"featured_media":274899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,11],"tags":[30063,2592,30953,34836,47131,31012,52125,52126],"class_list":["post-274895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casebriefs","category-tribunals_commissions_regulatorybodies","tag-assessment","tag-Income_Tax","tag-itat","tag-jewellery","tag-search","tag-seizure","tag-social-status","tag-streedhan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Why did ITAT decide to delete the addition of streedhan as \u2018unexplained investment\u2019 for the purposes of income assessment? Read to know | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2022\/10\/03\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why did ITAT decide to delete the addition of streedhan as \u2018unexplained investment\u2019 for the purposes of income assessment? Read to know\" \/>\n<meta property=\"og:description\" content=\"Income Tax Appellate Tribunal (ITAT), Jaipur: While deciding the instant appeal revolving around the addition of the assessee\u2019s generational streedhan as unexplained\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2022\/10\/03\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-03T03:30:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/10\/Income-Tax-Appellate-Tribunal-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1331\" \/>\n\t<meta property=\"og:image:height\" content=\"888\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2022\\\/10\\\/03\\\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2022\\\/10\\\/03\\\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\\\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/84e42bab48238baf12c7e33b3d9761fe\"},\"headline\":\"Why did ITAT decide to delete the addition of streedhan as \u2018unexplained investment\u2019 for the purposes of income assessment? Read to know\",\"datePublished\":\"2022-10-03T03:30:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2022\\\/10\\\/03\\\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\\\/\"},\"wordCount\":584,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2022\\\/10\\\/03\\\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Income-Tax-Appellate-Tribunal-1.jpg\",\"keywords\":[\"assessment\",\"Income Tax\",\"ITAT\",\"Jewellery\",\"Search\",\"seizure\",\"social status\",\"streedhan\"],\"articleSection\":[\"Case Briefs\",\"Tribunals\\\/Commissions\\\/Regulatory Bodies\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2022\\\/10\\\/03\\\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2022\\\/10\\\/03\\\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\\\/\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2022\\\/10\\\/03\\\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\\\/\",\"name\":\"Why did ITAT decide to delete the addition of streedhan as \u2018unexplained investment\u2019 for the purposes of income assessment? Read to know | SCC Times\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2022\\\/10\\\/03\\\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2022\\\/10\\\/03\\\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Income-Tax-Appellate-Tribunal-1.jpg\",\"datePublished\":\"2022-10-03T03:30:36+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/84e42bab48238baf12c7e33b3d9761fe\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2022\\\/10\\\/03\\\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2022\\\/10\\\/03\\\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2022\\\/10\\\/03\\\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Income-Tax-Appellate-Tribunal-1.jpg\",\"contentUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Income-Tax-Appellate-Tribunal-1.jpg\",\"width\":1331,\"height\":888,\"caption\":\"ITAT\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2022\\\/10\\\/03\\\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why did ITAT decide to delete the addition of streedhan as \u2018unexplained investment\u2019 for the purposes of income assessment? Read to know\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/84e42bab48238baf12c7e33b3d9761fe\",\"name\":\"Editor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g\",\"caption\":\"Editor\"},\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/author\\\/editor_4\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Why did ITAT decide to delete the addition of streedhan as \u2018unexplained investment\u2019 for the purposes of income assessment? Read to know | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2022\/10\/03\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\/","og_locale":"en_US","og_type":"article","og_title":"Why did ITAT decide to delete the addition of streedhan as \u2018unexplained investment\u2019 for the purposes of income assessment? Read to know","og_description":"Income Tax Appellate Tribunal (ITAT), Jaipur: While deciding the instant appeal revolving around the addition of the assessee\u2019s generational streedhan as unexplained","og_url":"https:\/\/www.scconline.com\/blog\/post\/2022\/10\/03\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2022-10-03T03:30:36+00:00","og_image":[{"width":1331,"height":888,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/10\/Income-Tax-Appellate-Tribunal-1.jpg","type":"image\/jpeg"}],"author":"Editor","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Editor","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.scconline.com\/blog\/post\/2022\/10\/03\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\/#article","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2022\/10\/03\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\/"},"author":{"name":"Editor","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe"},"headline":"Why did ITAT decide to delete the addition of streedhan as \u2018unexplained investment\u2019 for the purposes of income assessment? Read to know","datePublished":"2022-10-03T03:30:36+00:00","mainEntityOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2022\/10\/03\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\/"},"wordCount":584,"commentCount":0,"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2022\/10\/03\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/10\/Income-Tax-Appellate-Tribunal-1.jpg","keywords":["assessment","Income Tax","ITAT","Jewellery","Search","seizure","social status","streedhan"],"articleSection":["Case Briefs","Tribunals\/Commissions\/Regulatory Bodies"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.scconline.com\/blog\/post\/2022\/10\/03\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2022\/10\/03\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\/","url":"https:\/\/www.scconline.com\/blog\/post\/2022\/10\/03\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\/","name":"Why did ITAT decide to delete the addition of streedhan as \u2018unexplained investment\u2019 for the purposes of income assessment? Read to know | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2022\/10\/03\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2022\/10\/03\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/10\/Income-Tax-Appellate-Tribunal-1.jpg","datePublished":"2022-10-03T03:30:36+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2022\/10\/03\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2022\/10\/03\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2022\/10\/03\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/10\/Income-Tax-Appellate-Tribunal-1.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/10\/Income-Tax-Appellate-Tribunal-1.jpg","width":1331,"height":888,"caption":"ITAT"},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2022\/10\/03\/itat-income-tax-assessment-streedhan-unexplained-income-addition-of-deletion-legal-news-and-updates-legal-research\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Why did ITAT decide to delete the addition of streedhan as \u2018unexplained investment\u2019 for the purposes of income assessment? Read to know"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/84e42bab48238baf12c7e33b3d9761fe","name":"Editor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/34e366be721c41333586de05faa13743195f5b142dcd7a015c6fabd2389521d0?s=96&d=mm&r=g","caption":"Editor"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_4\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/10\/Income-Tax-Appellate-Tribunal-1.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/274895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/67011"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=274895"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/274895\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/274899"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=274895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=274895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=274895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}