No documentary evidence required of goods brought up to a sum of Rs. 50,000.

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....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....

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....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.....