AdvertisementDev Kishan Joshi Vs DCIT (ITAT Mumbai) Mumbai ITAT Deletes ₹36.36 Lakh Protective Addition for Seized Gold Jewellery: Mere Physical Possession Cannot Establish Ownership The Mumbai ITAT deleted a protective addition of ₹36,35,934 under section 69A relating to gold jewellery found in the assessee’s physical possession. The jewellery formed part of 6,020.46 grams seized by GRP, Ratlam; 18 items weighing 1,568.370 grams gross were attributed to the assessee. The assessee consistently denied ownership and explained that he was merely accompanying another person for marketing the jeweller...