AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
Home / 
No documentary evidence required of goods brought up to a sum of Rs. 50,000.
X X X X Extracts X X X X
X X X X Extracts X X X X
....N NO. 448/CBDT Dated: August 21, 1972 Section(s) Referred: 54 Statute: Income - Tax Act, 1961 The Board had an occasion to examine the case of repatriates from Mozambiqe. On a carefu....
X X X X Extracts X X X X
X X X X Extracts X X X X
....triates to produce documentary evidence to establish their claims that the goods sold were held by them for a period which would take outside the ambit of the definition of a short-term capital asset.....