https://www.taxtmi.com/circulars?id=68318 Seizure of jewellery must be confined to assets that are undisclosed or unaccounted for; officers should apply a reasonableness standard, particularly regarding female family members. For wealth-tax assessees, compare found jewellery with declared details and seize only excess items; items not matching declared weight or description should normally be seized. Where only gross weight is declared, do not seize if gross weight approximately tallies, but record and inventory each item with individual weight. en-us Thu, 16 Jan 1986 00:00:00 +0530 Thu, 27 Mar 2025 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68318 Seizure of jewellery must be confined to assets that are undisclosed or unaccounted for; officers should apply a reasonableness standard, particularly regarding female family members. For wealth-tax assessees, compare found jewellery with declared details and seize only excess items; items not matching declared weight or description should normally be seized. Where only gross weight is declared, do not seize if gross weight approximately tallies, but record and inventory each item with individual weight. Circulars Income Tax Thu, 16 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68318