1. Search Case laws by Section / Act / Rule β now available beyond Income Tax. GST and Other Laws Available


2. New: βIn Favour Ofβ filter added in Case Laws.
Try both these filters in Case Laws β
Just a moment...
1. Search Case laws by Section / Act / Rule β now available beyond Income Tax. GST and Other Laws Available


2. New: βIn Favour Ofβ filter added in Case Laws.
Try both these filters in Case Laws β
Press 'Enter' to add multiple search terms. Rules for Better Search
---------------- For section wise search only -----------------
Accuracy Level ~ 90%
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
Press 'Enter' after typing page number.
<h1>ITAT affirms AAC decision: silver utensils not capital assets</h1> The ITAT upheld the AAC's decision in favor of the assessee, ruling that silver utensils sold were personal effects, not capital assets. The Department's ... - 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)