https://www.taxtmi.com/caselaws?id=55432 The appellate tribunal held that silver utensils weighing 46.89 Kgs were classified as personal effects and not subject to capital gains tax. A majority decision emphasized a broad interpretation of "personal effects," considering social status and customary use, while a dissenting opinion suggested a stricter approach, limiting personal effects to the number of dependent family members. The matter was referred to the Tribunal President due to differing views among the members. en-us Thu, 26 Dec 1985 00:00:00 +0530 Sat, 27 Nov 2010 10:35:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55432 The appellate tribunal held that silver utensils weighing 46.89 Kgs were classified as personal effects and not subject to capital gains tax. A majority decision emphasized a broad interpretation of "personal effects," considering social status and customary use, while a dissenting opinion suggested a stricter approach, limiting personal effects to the number of dependent family members. The matter was referred to the Tribunal President due to differing views among the members. Case-Laws Income Tax Thu, 26 Dec 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55432