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Assessing Officer Cannot Determine Notional Long-Term Capital Gains on Deemed Jewellery Sale in Wealth Tax Cases.

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....LTCG on deemed sale of jewellery - Shortage in Jewellery detected during search and quantity declared in wealth tax return - whether the AO can resort to determination of notional LTCG or not? - HELD No - AT....

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Assessing Officer Cannot Determine Notional Long-Term Capital Gains on Deemed Jewellery Sale in Wealth Tax Cases.