*Tax dept seized mother’s 263 gram gold; son fights in ITAT Mumbai and wins: Know what CBDT gold jewellery circular says – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/tax-dept-seized-mothers-263-gram-gold-son-fights-in-itat-mumbai-and-wins-know-what-cbdt-gold-jewellery-circular-says/articleshow/125709830.cms On September 29, 2021, during a tax raid at Mr. Nilawar’s house, the income tax department discovered several assets, including cash, gold and more. Following

*Man sells 350 gram gold for Rs 11 lakh, income tax dept doubts it and sends tax notice for unexplained money; he wins case in ITAT Ahmedabad – The Economic Times

Clipped from: https://economictimes.indiatimes.com/wealth/tax/man-sells-350-grams-gold-for-rs-11-lakh-income-tax-dept-doubts-it-and-sends-tax-notice-for-unexplained-money-he-wins-case-in-itat-ahmedabad/articleshow/126393388.cms Mr. Soni from Ahmedabad, Gujarat, received a tax notice after selling 350 grams of gold to another party on November 15, 2016. He argued that he is

*****Capital Gains Must Reflect Only Real Consideration Received: ITAT quashes S.263 Revision [Read Order]

Clipped from: https://www.taxscan.in/top-stories/capital-gains-must-reflect-only-real-consideration-received-itat-quashes-s263-revision-1437578?TRN300=cVBgJPCDSauMbeDAxEDMcKWwasZUGDMbEuaxEuPXgjgMEuFsiMcBjYDnkMcAsh&LKD333=3324504 Section 48 mandates computation of capital gains only on the “full value of consideration received or accruing to the assessee The principle that

*इच्छापत्र / मृत्युपत्र — आणि प्रोबेट — याबाबत अजून काही मुद्दे उपस्थित होत राहणार — आणि त्यासाठी काहीतरी कायदेशीर उपाययोजना करावी लागणार हे नक्की – सौजन्य महाराष्ट्र टाइम्स