![ITAT deletes Addition as Joint Family can possess 850 gms Jewellery, says No Violation of CBDT Instruction [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Jewellery-Violation-of-CBDT-Instruction-Taxscan.jpg "ITAT deletes Addition as Joint Family can possess 850 gms Jewellery, says No Violation of CBDT Instruction [Read Order]")
ITAT deletes Addition as Joint Family can possess 850 gms Jewellery, says No Violation of CBDT Instruction [Read Order]
The Income Tax Appellate Tribunal, Bangalore ruled that when the assessee is living in joint family, gold credit provided by the Commissioner of...
![CBIC issues clarification on Export of Gems and Jewellery via Courier [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/11/CBIC-export-of-Gems-Jewellery-Courier-Taxscan.jpg "CBIC issues clarification on Export of Gems and Jewellery via Courier [Read Circular]")
![Seized Trade-in-Stock in the Custody must be Released within 120 days: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/01/Confiscation-Seizure-GST-Taxscan.jpg "Seized Trade-in-Stock in the Custody must be Released within 120 days: Delhi HC [Read Judgment]")
![Marigold Butterfly Bridal with Watch not classifiable as Jewellery: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/04/Marigold-Butterfly-GST-AAR-Taxscan.jpg "Marigold Butterfly Bridal with Watch not classifiable as Jewellery: AAR [Read Order]")
Silver Articles given to Bride can’t be seized: ITAT Liberally Interprets CBDT Instruction [Read Order]
While applying a liberal approach to interpret the CBDT circular imposing restrictions on the seizure of jewellery, the Income Tax Appellate Tribunal (ITAT), Indore bench has held that the silver...
![Silver Articles given to Bride can’t be seized: ITAT Liberally Interprets CBDT Instruction [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/12/Silver-Articles-Taxscan.jpg "Silver Articles given to Bride can’t be seized: ITAT Liberally Interprets CBDT Instruction [Read Order]")
ITAT Grants Relief to Assessee as Jewellery found during Search was within the limit prescribed in CBDT Circular [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) in the case of Shri Ashok Jain v. ACIT, Mumbai held that where jewellery was found with the assessee within the limit prescribed by the CBDT...
![ITAT Grants Relief to Assessee as Jewellery found during Search was within the limit prescribed in CBDT Circular [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Jewellery-CBDT-ITAT-Taxscan.jpg "ITAT Grants Relief to Assessee as Jewellery found during Search was within the limit prescribed in CBDT Circular [Read Order]")
Old Savings of House Wife taken for Household Expenses can’t be treated as Unaccounted Cash: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, in ‘ Raj Kumar Kakrania v. DCIT ’ held that a sum of Rs 2,25,000/- seized from the appellant cannot be treated as unaccounted cash since the...
![Old Savings of House Wife taken for Household Expenses can’t be treated as Unaccounted Cash: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Cash-Payments.jpg "Old Savings of House Wife taken for Household Expenses can’t be treated as Unaccounted Cash: ITAT [Read Order]")
![Jewellery received during Marriage can’t be treated as Unexplained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Jewellery-ITAT-Taxscan.jpg "Jewellery received during Marriage can’t be treated as Unexplained: ITAT [Read Order]")