https://www.taxtmi.com/caselaws?id=72402 Gold held by the same person in different legally distinct capacities was not required to be clubbed for declaration under Section 16 of the Gold (Control) Act, 1968. The Tribunal reasoned that the provision contemplates ownership, possession, holding or control in the relevant capacity, and the declaration obligation arises independently for each such capacity. On the facts, the appellant's pawn business was treated as carried on in his individual capacity, and the pawn ornaments in that capacity exceeded the prescribed limit. The household ornaments therefore could not be aggregated with the pawn ornaments, and failure to file the required declaration properly attracted penalty. en-us Wed, 06 Aug 1986 00:00:00 +0530 Wed, 25 Jan 2012 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72402 Gold held by the same person in different legally distinct capacities was not required to be clubbed for declaration under Section 16 of the Gold (Control) Act, 1968. The Tribunal reasoned that the provision contemplates ownership, possession, holding or control in the relevant capacity, and the declaration obligation arises independently for each such capacity. On the facts, the appellant's pawn business was treated as carried on in his individual capacity, and the pawn ornaments in that capacity exceeded the prescribed limit. The household ornaments therefore could not be aggregated with the pawn ornaments, and failure to file the required declaration properly attracted penalty. Case-Laws Central Excise Wed, 06 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72402