https://www.taxtmi.com/caselaws?id=72586 Under the Gold (Control) Act, the declaration requirement for mixed holdings of gold articles and ornaments was interpreted by reading the separate thresholds in Section 16(5)(a) and 16(5)(b) on their own terms. The lower limit applicable to articles alone was held not to govern mixed holdings where both articles and ornaments are present. On the admitted facts, the individual possessed gold sovereigns together with ornaments, so the mixed-holdings threshold applied and no declaration was required for the sovereigns. The confiscation and penalty order against the principal appellant was therefore not legally sustainable. en-us Wed, 01 Oct 1986 00:00:00 +0530 Fri, 20 May 2011 15:52:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72586 Under the Gold (Control) Act, the declaration requirement for mixed holdings of gold articles and ornaments was interpreted by reading the separate thresholds in Section 16(5)(a) and 16(5)(b) on their own terms. The lower limit applicable to articles alone was held not to govern mixed holdings where both articles and ornaments are present. On the admitted facts, the individual possessed gold sovereigns together with ornaments, so the mixed-holdings threshold applied and no declaration was required for the sovereigns. The confiscation and penalty order against the principal appellant was therefore not legally sustainable. Case-Laws Indian Laws Wed, 01 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72586