https://www.taxtmi.com/caselaws?id=119239 The Tribunal ruled in favor of the assessee in a tax case concerning the sale proceeds from a collection of rare postal stamps. The Tribunal determined that the sale proceeds were not taxable as long-term capital gains, considering the stamps as personal effects due to their intimate connection and personal use by the assessee. Consequently, the Tribunal directed the deletion of the addition made by the Assessing Officer. Additionally, the issue of withdrawal of credit for TDS certificates was set aside for further examination by the AO. en-us Fri, 21 Sep 2007 00:00:00 +0530 Mon, 09 Jul 2012 18:13:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119239 The Tribunal ruled in favor of the assessee in a tax case concerning the sale proceeds from a collection of rare postal stamps. The Tribunal determined that the sale proceeds were not taxable as long-term capital gains, considering the stamps as personal effects due to their intimate connection and personal use by the assessee. Consequently, the Tribunal directed the deletion of the addition made by the Assessing Officer. Additionally, the issue of withdrawal of credit for TDS certificates was set aside for further examination by the AO. Case-Laws Income Tax Fri, 21 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119239