Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2003 (7) TMI 267 - ITAT CALCUTTA-C
Extract:
.......Delhi and sold to the parties as mentioned above the order of the AO is based on suspicion, surmises and conjectures. The conclusion of the Revenue authorities that the amount was assessable as income and the loss on sale of silver utensils is related to personal effects are wholly untenable. 18. In the result, the assessee's appeal is allowed.