![No S.68 Addition on Sale of Inherited Jewellery Backed by Valuation Report: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/27/500x300_2115289-no-s68-addition-sale-inherited-jewellery-backed-valuation-report-itat-taxscan.webp "No S.68 Addition on Sale of Inherited Jewellery Backed by Valuation Report: ITAT [Read Order]")
No S.68 Addition on Sale of Inherited Jewellery Backed by Valuation Report: ITAT [Read Order]
The Income Tax Appellate Tribunal, Mumbai Bench (ITAT) has held that in the case where the sale of inherited jewellery is supported by a valuation...
![Gold Bent into Kada Shape is Raw Gold, Not Jewellery: Delhi HC directs to avail Statutory Appeal against Customs Seizure [Read Order]](https://images.taxscan.in/h-upload/2025/12/24/250x150_2114479-delhi-hc-gold-bent-raw-gold-jewellery-statutory-appeal-customs-seizure-kada-shape-gold-taxscan.webp "Gold Bent into Kada Shape is Raw Gold, Not Jewellery: Delhi HC directs to avail Statutory Appeal against Customs Seizure [Read Order]")
![What You See isn’t What You Pay: ITAT Rules High Tag Prices in Jewellery is Sales Strategy, Not Tax Evasion, Deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/12/15/250x150_2112322-itat-quashes-assessment-order-and-penalty-taxscan.webp "What You See isn’t What You Pay: ITAT Rules High Tag Prices in Jewellery is Sales Strategy, Not Tax Evasion, Deletes Addition [Read Order]")
![Cash Sales of Jeweller on Demonetisation Day Held Genuine: ITAT Deletes S.68 Addition as Books Were Not Rejected [Read Order]](https://images.taxscan.in/h-upload/2025/11/28/250x150_2108560-itat-cash-deposit-income-tax-act-taxscan.webp "Cash Sales of Jeweller on Demonetisation Day Held Genuine: ITAT Deletes S.68 Addition as Books Were Not Rejected [Read Order]")
![DGFT Permits Import/Export of Gems & Jewellery as Personal Carriage from Ahmedabad Airport [Read Notification]](https://images.taxscan.in/h-upload/2025/12/02/250x150_2109695-dgft-permits-import-export-gems-jewellery-personal-carriage-ahmedabad-airport-taxscan.webp "DGFT Permits Import/Export of Gems & Jewellery as Personal Carriage from Ahmedabad Airport [Read Notification]")
DGFT Tightens Import Policy for Unstudded Platinum from ‘Free’ to ‘Restricted’: Check Applicable Validity [Read Notification]
The Directorate General of Foreign Trade (DGFT) has notified a significant amendment to the import policy of unstudded platinum articles revising the import policy from “Free” to “Restricted”,...
![DGFT Tightens Import Policy for Unstudded Platinum from ‘Free’ to ‘Restricted’: Check Applicable Validity [Read Notification]](https://images.taxscan.in/h-upload/2025/11/18/500x300_2106341-dgft-dgft-tightens-import-policy-unstudded-platinum-taxscan.webp "DGFT Tightens Import Policy for Unstudded Platinum from ‘Free’ to ‘Restricted’: Check Applicable Validity [Read Notification]")
Error in Reading Jewellery Sale as Purchase Costs CIT(A); ITAT Orders Fresh Look at Cash Deposit Addition [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal has set aside an order of the Commissioner of Income Tax (Appeals) after finding that a factual error had crept into the reading of evidence...
![Error in Reading Jewellery Sale as Purchase Costs CIT(A); ITAT Orders Fresh Look at Cash Deposit Addition [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/500x300_2094646-cash-deposit-addition-quashed-itat-rule-sales-audited-books-vat-returns.webp "Error in Reading Jewellery Sale as Purchase Costs CIT(A); ITAT Orders Fresh Look at Cash Deposit Addition [Read Order]")
Customs Cannot Detain Personal Jewellery just because it is 24K Gold: Delhi HC orders Return of ₹6L Worth Gold Bangles to Umrah Returnee [Read Order]
The Delhi High Court recently chided the Customs Department, remarking that the customs authorities cannot detain personal jewellery solely on the ground that it is made of 24 carat gold, while...
![Customs Cannot Detain Personal Jewellery just because it is 24K Gold: Delhi HC orders Return of ₹6L Worth Gold Bangles to Umrah Returnee [Read Order]](https://images.taxscan.in/h-upload/2025/07/15/500x300_2064084-customs-customs-cannot-detain-personal-jewellery-personal-jewellery-taxscan.webp "Customs Cannot Detain Personal Jewellery just because it is 24K Gold: Delhi HC orders Return of ₹6L Worth Gold Bangles to Umrah Returnee [Read Order]")
[BREAKING] Personal Luggage to be Processed Electronically for Air Passengers from May 1st for These Airports
The Central Board of Indirect Taxes and Customs (CBIC) has announced the implementation of electronic processing for Bills of Entry and Shipping Bills related to the import and export of gems,...
![[BREAKING] Personal Luggag- processed electronically - Air Passengers - Airports - taxscan](https://www.taxscan.in/wp-content/uploads/2025/04/BREAKING-Personal-Luggag-processed-electronically-Air-Passengers-Airports-taxscan.jpg "[BREAKING] Personal Luggag- processed electronically - Air Passengers - Airports - taxscan")
Quantity of Jewellery under Limit prescribed by Circular: ITAT directs Deletion of S.69B Income Tax Addition [Read Order]
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Bangalore bench, has directed the deletion of an addition made under Section 69B of the Income Tax Act concerning seized jewellery....
![Quantity of Jewellery under Limit prescribed by Circular: ITAT directs Deletion of S.69B Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Bangalore-Section-69B-of-the-Income-Tax-Act-Income-Tax-Addition-taxscan.jpg "Quantity of Jewellery under Limit prescribed by Circular: ITAT directs Deletion of S.69B Income Tax Addition [Read Order]")
[QnA] Can I Claim Income Tax Benefits on Selling Gifted Jewellery? Key Questions on Gift Taxation in India Answered
Are gifts from relatives taxable in India? A: Gifts from relatives are exempted from Tax in India. It is defined under section 56(2)(x) of the Income Tax Act. Gifts from relatives are tax-free,...
![[QnA] Can I Claim Income Tax Benefits on Selling Gifted Jewellery? Key Questions on Gift Taxation in India Answered](https://www.taxscan.in/wp-content/uploads/2024/12/Gift-tax-in-india.jpg "[QnA] Can I Claim Income Tax Benefits on Selling Gifted Jewellery? Key Questions on Gift Taxation in India Answered")
CESTAT allows Refund of Input Service Tax paid in Respect of Export of Cut and Polished Diamonds [Read Order]
The Mumbai bench of the Customs Excise and Service Tax Appellate Tribunal ( CESTAT ) found no merit in the Principal Additional Director General's order denying the refund of input service tax and...
![CESTAT allows Refund of Input Service Tax paid in Respect of Export of Cut and Polished Diamonds [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/CESTAT-CESTAT-Mumbai-Service-Tax-Export-of-Diamonds-Diamonds-Taxscan.jpg "CESTAT allows Refund of Input Service Tax paid in Respect of Export of Cut and Polished Diamonds [Read Order]")