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ITAT to Decide Tax Classification of Silk Carpets, Paintings, and Antiques: Personal Effects or Capital Assets?

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....Personal effects or capital asset - sale of Carpets (silk on silk carpets),Paintings, antique watches, rings and decorative items, Household items which included crystal items, Antique furniture which includes table, chairs, centre table, chest, etc. - ITAT directed to go into the issue...... - HC....

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