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Tax & ComplianceLiveMint — Money

₹14.69 crore jewellery found in tax search: When can inherited gold escape tax scrutiny?

27 Sept 2026 · 27 Sept 2026Source: LiveMint — Money

The Kolkata ITAT has upheld the deletion of a ₹1.56 crore tax addition on 3,233 grams of jewellery found in family bank lockers during an Income Tax search. The taxpayer said the jewellery belonged to his deceased grandparents, father and family HUF. 

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This digest is published with acknowledgment to LiveMint — Money. For the complete analysis, headnotes, and citations, please refer to the source.

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