https://www.taxtmi.com/caselaws?id=65815 Silver utensils capable of use as a complete dinner set were treated as personal effects held for domestic use by the assessee, family members, and guests. On that factual basis, the Tribunal held that they were not acquired as investment assets and therefore fell outside the definition of capital asset under section 2(14) of the Income-tax Act, 1961. As a result, capital gains computation did not arise and the addition towards capital gains was deleted. en-us Fri, 11 Oct 1985 00:00:00 +0530 Fri, 18 Feb 2011 18:10:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65815 Silver utensils capable of use as a complete dinner set were treated as personal effects held for domestic use by the assessee, family members, and guests. On that factual basis, the Tribunal held that they were not acquired as investment assets and therefore fell outside the definition of capital asset under section 2(14) of the Income-tax Act, 1961. As a result, capital gains computation did not arise and the addition towards capital gains was deleted. Case-Laws Income Tax Fri, 11 Oct 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65815