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Tax & ComplianceLiveMint — Money

Income tax on gold jewellery: ITAT says CBDT limits cannot cap family holdings, deletes ₹20.45 lakh addition

11 Oct 2026 · 3d agoSource: LiveMint — Money

The Delhi ITAT deleted a ₹20.45 lakh addition for unexplained family jewellery, ruling that CBDT’s seizure guidelines cannot automatically cap how much gold a taxpayer can explain. The tribunal considered the family’s income, financial position and customary practices.

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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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