Answer any two out of the following three sub-parts viz (i), (ii) and (iii) (i) Mr. Balram Kumar, a jeweller was intercepted by Police personnel…

Answer any two out of the following three sub-parts viz (i), (ii) and (iii) (i) Mr. Balram Kumar, a jeweller was intercepted by Police personnel with 1 kg of gold ornaments at New Delhi on 17.01.2023. The case was referred to Income Tax Investigation wing by the Police and the gold ornaments were seized by the Income Tax Department. The registered valuer made the valuation of the gold ornaments amounting to 63.30 Lacs, to which the assessee did not raise any objection During the assessment proceedings, the AO was not satisfied with the explanation given by the assessee and the AO made the additions of 63.30 lacs as unexplained jewellery u/s 69A in the hands of Mr. Balram Kumar and applied section 115BBE for applicability of tax alongwith Interest. As a result, a demand of tax of 49.37 lacs and interest of 12.35 Lacs were created against the assessee, The assessee filed an appeal before the Commissioner of Income Tax Appeals, as per Law. The CIT(Appeals) allowed the appeal and the addition of 63.30 lacs was deleted by the CIT being satisfied with the nature and source of the ornaments found from the assessee. The jurisdictional CIT contemplates to file an appeal before the ITAT against the order of CIT(Appeals). Can Jurisdictional CIT do so? Discuss while explaining the provisions of Income-tax Act and Rules.