Seizure of jewellery during search and seizure operation.

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....e-tax (Adm.) 2. All Commissioners of Income-tax (including Central charges) 3. Directors of Inspection (Investigation), New Delhi. Sir, Sub : Seizure of jewellery during search and seizure operation. In supersession of all previous Instructions on the above subject the following guidelines are hereby issued to enable the search parties to exercise their discretion in the....

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....e the assessee is assessed to wealth-tax, the jewellery found should be compared with that disclosed to the Department and only the excess should be considered for seizure. Items of jewellery which do not tally in weight and description with the details furnished to the Department should normally be seized. 3. However, where only the gross weight of the jewellery has been declared, jewellery fo....