Searching for Cbdt Circular On Jewellery information? Follow the links below to find all the information you need and more.
https://taxguru.in/income-tax/analysis-cbdt-instruction-seizure-jewellery.html
What this means is, Vide CBDT Instruction no. 1916 dated 11-05-1994, it has been clarified that no seizure should be made by the Search Party of the Jewellery and Ornaments found during the course of search proceedings under Section 132, where the same have been duly declared in the Wealth-tax Returns filed by the taxpayer or where such ornaments are within the prescribed limits of …
https://thetaxtalk.com/2020/04/30/jewellery-as-per-cbdt-circular-no-1916-is-in-addition-to-the-jewellery-which-is-duly-supported-by-bills-voucher-explanations-interesting-observation-by-jaipur-itat/
Apr 30, 2020 · Jewellery as per CBDT Circular No. 1916 is in addition to the Jewellery which is duly supported by Bills, Voucher & explanations: Interesting observation by Jaipur ITAT. THE KEY OBSERVATION BY ITAT WAS AS UNDER : “The said CBDT Instruction No. 1916 allowing the specific quantity as reasonable and need not to be explained, does not include the jewellery which is …
https://thetaxtalk.com/2018/10/26/cbdt-circular-no-1916-dated-11-5-1994-jewellery-holding-limit-should-also-be-spread-so-as-to-cover-the-silver-articles/
Oct 26, 2018 · We find that the Central Board of Direct Taxes issued instruction No.1916 dated 11.5.1994 which reads as follows;“Instruction No.1916 (F.No. 286/63/93-IT(INV.II)), dated 11.5.1994, issued by the Central Board of Direct Taxes (‘CBDT’) directs the income tax authorities, conducting a search, to not seize jewellery and ornaments found during the course of varying quantities specified in the …
https://ramduttsharma.blogspot.com/2020/09/treatment-of-jewellery-found-during.html
In fact the CBDT circular dated 11.05.1994 specifically contains para (ii), which prescribes that in the case of wealth tax assessees gold jewellery and ornaments found in excess of the gross weight declared in the wealth tax returns only need to be seized. We hold so.
https://taxguru.in/income-tax/cbdt-instructions-on-seizure-of-jewellery-and-ornaments-are-discretionary.html
CBDT instructions which in our view provides a guideline to the search conducting team that no seizure should be made of the jewellery and ornaments found during the course of search proceedings u/s 132 of the Act, if the same have been duly declared in the wealth tax returns filed by the tax payer or where such ornaments are within the prescribed limits of 500, 250 or 100 grams as stated …
https://www.taxscan.in/benefit-cbdt-circular-permitting-holding-gold-jewellery-applicable-silver-jewellery-itat/29941/
Oct 23, 2018 · Benefit of CBDT Circular permitting Holding of Gold Jewellery also applicable to Silver Jewellery: ITAT [Read Order] October 23, 2018 9:25 pm By : Tax Scan Team The Indore bench of the Income Tax Appellate Tribunal (ITAT) has held that the benefit of the circular issued by the Central Board of Direct Taxes (CBDT) permitting the holding of gold jewellery can be applicable to silver jewellery …
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