![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]")
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...
![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]")
Public Notice issued on Permissible Wastages and SIONS w.r.t. Jewellery Export kept in Abeyance till 31st of July, 2024: DGFT [Read Order]
The Government has temporarily suspended the public notice 05/2024 issued on 27th May 2024 till 31st July 2024 on representation of the Gem & Jewellery Export Promotion Council. The public notice...
Jewellery collection of married life of 25 to 30 years not treated as abnormal for levying tax: ITAT deletes addition [Read Order]
The two member bench of Delhi Income Tax Appellate Tribunal ( ITAT ) comprising Yogesh Kumar Us (Judicial Member)Â and Pradip Kumar Kedia. (Accountant Member) while deleting the addition made by the...
![Jewellery collection of married life of 25 to 30 years not treated as abnormal for levying tax: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Jewellery-collection-tax-ITAT-ITAT-Delhi-Income-tax-jewellery-tax-taxscan.jpg "Jewellery collection of married life of 25 to 30 years not treated as abnormal for levying tax: ITAT deletes addition [Read Order]")
ITAT upholds Cash Sales of Business of Trading of Gold/Silver Jewellery during Demonetisation Period were Bonafide [Read Order]
The two member bench of Delhi Income Tax Appellate Tribunal ( ITAT ) upheld that cash sales of business of trading of gold /silver jewelry during the demonetisation period were bonafide. The...
Income Tax Department Raid at Tobacco Bigwig’s Residence: Seizes Cash, Luxury Watches and Jewellery Worth more than 7 Crores
The Income Tax Department has intensified its crackdown on suspected tax evasion, conducting raids at multiple locations associated with Bansidhar Tobacco Private Limited, headquartered in Kanpur....
Excess Jewellery found during Search in Wealthy Family belonged to Married Woman is Reasonable: ITAT Deletes Addition u/s 69A of Income Tax Act [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition under Section 69A of the Income Tax Act holding that the excess jewellery found during the search in a wealthy family...
![Excess Jewellery found during Search in Wealthy Family belonged to Married Woman is Reasonable: ITAT Deletes Addition u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Excess-Jewellery-found-during-Search-in-Wealthy-Family-Married-Woman-is-Reasonable-ITAT-Deletes-Addition-Income-Tax-Act-TAXSCAN.jpg "Excess Jewellery found during Search in Wealthy Family belonged to Married Woman is Reasonable: ITAT Deletes Addition u/s 69A of Income Tax Act [Read Order]")