Debate on Section 153A: Should Gold Jewellery in Lockers Get Liberal Valuation Under CBDT Instruction No.1916?

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Full Text of the Document

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....Assessment u/s 153A - Gold jewellery found in the lockers held by the assessee - CIT(A) ought to have taken a liberal approach by giving the benefit to the assessee for the value of gold jewellery and value of silver utensils held by her, within the monetary limit of value as provided in the CBDT Instruction No.1916....