Jewellery collection of married life of 25 to 30 years not treated as abnormal for levying tax: ITAT deletes addition [Read Order]

Jewellery collection tax - ITAT - ITAT Delhi - Income tax - jewellery tax - taxscan

The two member bench of Delhi Income Tax Appellate Tribunal ( ITAT ) comprising Yogesh Kumar Us (Judicial Member) and Pradip Kumar Kedia. (Accountant Member) while deleting the addition made by the assessing officer held that jewelry collection of married life of 25 to 30 years not treated as abnormal for levying tax. When a search…

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