https://www.taxtmi.com/caselaws?id=71515 The Tribunal held that gains from the sale of silver utensils for personal use were capital receipts and not taxable. The assumption of jurisdiction under Section 263 by the CIT was deemed unjustified, and the CIT's order was vacated. The appeals were allowed in favor of the assessees. en-us Tue, 13 Aug 1996 00:00:00 +0530 Mon, 25 Apr 2011 13:39:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71515 The Tribunal held that gains from the sale of silver utensils for personal use were capital receipts and not taxable. The assumption of jurisdiction under Section 263 by the CIT was deemed unjustified, and the CIT's order was vacated. The appeals were allowed in favor of the assessees. Case-Laws Income Tax Tue, 13 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71515