https://www.taxtmi.com/caselaws?id=183581 The Tribunal upheld the classification of gold and silver utensils as capital assets, allowing the benefit of indexation for computing capital gains. It found the reassessment under Section 153A invalid due to the absence of incriminating material, dismissing the Revenue's appeals as infructuous and allowing the assessee's cross objection for one assessment year while dismissing it for another due to delay. en-us Fri, 29 May 2015 00:00:00 +0530 Wed, 15 Jun 2016 10:18:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183581 The Tribunal upheld the classification of gold and silver utensils as capital assets, allowing the benefit of indexation for computing capital gains. It found the reassessment under Section 153A invalid due to the absence of incriminating material, dismissing the Revenue's appeals as infructuous and allowing the assessee's cross objection for one assessment year while dismissing it for another due to delay. Case-Laws Income Tax Fri, 29 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183581