![Deposit of Gold Jewellery by Family members of Partners amount to Stock in Trade of the Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Deposit-of-Gold-Jewellery-by-Family-members-of-Partners-amount-to-Stock-in-Trade-of-the-Firm-ITAT-TAXSCAN.jpg "Deposit of Gold Jewellery by Family members of Partners amount to Stock in Trade of the Firm: ITAT [Read Order]")
Deposit of Gold Jewellery by Family members of Partners amount to Stock in Trade of the Firm: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal(ITAT) has held that the deposit of gold jewellery by family members of a partner in the...
![High Status and Family Tradition of Assessee shall be Considered: ITAT deletes Addition of Heavy Gold Jewellery received as Streedhan by Royal Family Member [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Assessee-ITAT-Heavy-Gold-Jewellery-Royal-Family-Member-taxscan.jpg "High Status and Family Tradition of Assessee shall be Considered: ITAT deletes Addition of Heavy Gold Jewellery received as Streedhan by Royal Family Member [Read Order]")
![Another Women Friendly Ruling by ITAT: Gold Jewellery up to 500 grams for Married Women can’t be added to Taxable Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Women-Friendly-Ruling-ITAT-Gold-Jewellery-Married-Women-Taxable-Income-Taxscan.jpg "Another Women Friendly Ruling by ITAT: Gold Jewellery up to 500 grams for Married Women can’t be added to Taxable Income [Read Order]")
![Delhi High Court sets aside Detention Order against CA allegedly involved in Illegal Import of Gold Jewellery for Evasion of Customs Duty [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/08/CA-Delhi-High-Court-Gold-Jewellery-Customs-Duty-Taxscan.jpeg "Delhi High Court sets aside Detention Order against CA allegedly involved in Illegal Import of Gold Jewellery for Evasion of Customs Duty [Read Order]")
GST to be paid only on difference between Selling Price and Purchase Price of Second Hand Gold Jewellery purchased from individual: AAR [Read Order]
The Karnataka Authority of Advance Ruling (AAR) ruled that GST to be paid only on difference between selling price and purchase price of Second Hand gold jewellery purchased from individuals not...
![GST to be paid only on difference between Selling Price and Purchase Price of Second Hand Gold Jewellery purchased from individual: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/07/gold-jewellery-AAR-GST-taxscan-1.jpg "GST to be paid only on difference between Selling Price and Purchase Price of Second Hand Gold Jewellery purchased from individual: AAR [Read Order]")
Transit Passenger not required to pass through Customs Barrier or Check Post: CESTAT delete Penalty on Confiscated Gold Jewellery [Read Order]
The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Delhi Bench while quashing the penalty on confiscated Gold Jewellery held that the transit passenger is not required to pass through...
![Transit Passenger not required to pass through Customs Barrier or Check Post: CESTAT delete Penalty on Confiscated Gold Jewellery [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Transit-passenger-CESTAT-penalty-confiscated-Gold-Jewellery-Taxscan.jpg "Transit Passenger not required to pass through Customs Barrier or Check Post: CESTAT delete Penalty on Confiscated Gold Jewellery [Read Order]")
ITC allowable on ‘Second Hand Gold Jewellery’ only If Purchased from GST Registrants: AAR [Read Order]
The Authority of Advance Ruling (AAR) ruled that Input Tax Credit can be claimed on the ‘second-hand gold jewellery’ only in the case if it is purchased from a registered person under Goods and...
![ITC allowable on ‘Second Hand Gold Jewellery’ only If Purchased from GST Registrants: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Gold-Taxscan.jpg "ITC allowable on ‘Second Hand Gold Jewellery’ only If Purchased from GST Registrants: AAR [Read Order]")
Benefit of CBDT Circular permitting Holding of Gold Jewellery also applicable to Silver Jewellery: ITAT [Read Order]
The Indore bench of the Income Tax Appellate Tribunal (ITAT) has held that the benefit of the circular issued by the Central Board of Direct Taxes (CBDT) permitting the holding of gold jewellery can...
![Benefit of CBDT Circular permitting Holding of Gold Jewellery also applicable to Silver Jewellery: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/Silver-Jewellery-Taxscan.jpg "Benefit of CBDT Circular permitting Holding of Gold Jewellery also applicable to Silver Jewellery: ITAT [Read Order]")