![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/2025/11/28/500x300_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]")
Cash Sales of Jeweller on Demonetisation Day Held Genuine: ITAT Deletes S.68 Addition as Books Were Not Rejected [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) allowed the appeal, holding that the huge cash sales recorded on 08.11.2016, on the day...
![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]](https://images.taxscan.in/h-upload/2025/11/18/250x150_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]](https://images.taxscan.in/h-upload/2025/10/07/250x150_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]](https://images.taxscan.in/h-upload/2025/07/15/250x150_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]")
Relief to Alukkas Jewellery: Settlement Commission Unauthorized to Rectify Orders Pre-2011 Income Tax Amendment, Rules Madras HC [Read Order]
In a relief to Alukkas Jewellers, the Madras High Court ruled that the Income Tax Settlement Commission had no authority to rectify its orders under Section 154 of the Income Tax Act 1961 (ITA)...
![Relief to Alukkas Jewellery: Settlement Commission Unauthorized to Rectify Orders Pre-2011 Income Tax Amendment, Rules Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Delhi-High-Court-Income-Tax-Income-Tax-Settlement-Commission-ITSC-TAXSCAN.jpg "Relief to Alukkas Jewellery: Settlement Commission Unauthorized to Rectify Orders Pre-2011 Income Tax Amendment, Rules Madras HC [Read Order]")
Public Notice on Permissible Wastages and SIONS w.r.t. Jewellery Export kept in Abeyance till 15th Sept, 2024: DGFT [Read Notification]
The DGFT ( Directorate of Foreign Trade ) has temporarily suspended Public Notice 05/2024, issued on May 27, 2024, until September 15, 2024, following a request from the Gem & Jewellery Export...
![CBIC revises Customs Tariff Value of Oil, Gold, Silver and Areca nuts [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/08/CBIC-Oil-Silver-Areca-nuts-Gold-Customs-Tariff-Taxscan.jpg "CBIC revises Customs Tariff Value of Oil, Gold, Silver and Areca nuts [Read Notification]")