The Income Tax Appellate Tribunal (ITAT) has ruled in favour of a Bengaluru resident in a case involving the seizure of gold and silver jewellery worth Rs 1.65 crore. The judgement, delivered on September 11, 2025, brings an end to a long legal dispute between the taxpayer and the Income Tax Department.

According to case details, officials from the Income Tax Department conducted a search at the residence of Suresh (name withheld) on November 14, 2019. During the search, gold and silver ornaments valued at Rs 1.65 crore were seized. The department later issued a notice, stating that the jewellery had been acquired without proper documentation and categorised it as an “unexplained investment".

Suresh, however, argued that the jewellery belonged to his wife and had been purchased through b

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