Assessing Officer Cannot Determine Notional Long-Term Capital Gains on Deemed Jewellery Sale in Wealth Tax Cases. https://www.taxtmi.com/highlights?id=69936 LTCG on deemed sale of jewellery - Shortage in Jewellery detected during search and quantity declared in wealth tax return - whether the AO can resort to determination of notional LTCG or not? - HELD No - AT en-us Wed, 24 May 2023 12:36:33 +0530 Wed, 24 May 2023 12:36:33 +0530 TaxTMI RSS Generator Assessing Officer Cannot Determine Notional Long-Term Capital Gains on Deemed Jewellery Sale in Wealth Tax Cases. https://www.taxtmi.com/highlights?id=69936 LTCG on deemed sale of jewellery - Shortage in Jewellery detected during search and quantity declared in wealth tax return - whether the AO can resort to determination of notional LTCG or not? - HELD No - AT Highlights Income Tax Wed, 24 May 2023 12:36:33 +0530 https://www.taxtmi.com/highlights?id=69936