Stubbed Diamond Jewellery found during  Search Proceedings need not to declared in Wealth Tax Return: ITAT deletes Addition [Read Order]

Stubbed Diamond Jewellery - Search Proceedings - Tax Return - ITAT - Addition - taxscan

The  two member  bench  of Delhi Income Tax Appellate Tribunal (ITAT) ruled that stubbed diamond jewelry found during the search proceedings should not need to be declared in wealth tax return. Hence the bench deleted the addition made by the Assessing officer. The assessee Shekhar Agarwal was included in a search seizure proceedings conducted by…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now