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<h1>ITAT affirms AAC decision: silver utensils not capital assets</h1> <h3>INCOME TAX OFFICER. Versus BIJOY KUMAR PANDYA.</h3> INCOME TAX OFFICER. Versus BIJOY KUMAR PANDYA. - TTJ 025, 480, The Department appealed the AAC's deletion of capital gains on silver utensils sold by the assessee. The AAC ruled in favor of the assessee, stating the utensils were personal effects and not capital assets. The ITAT upheld the AAC's decision, dismissing the appeal. (Case: Appellate Tribunal ITAT GAUHATI, Citation: 1985 (10) TMI 130 - ITAT GAUHATI)