Search & Seizure :Jewellery That Can’t Be Seized !

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The search and seizure operation u/s 132 of the Income Tax Act usually results in seizure of jewellary . However, CBDT has made it a rule that keeping in view of the Indian society , even if a person does not file return or having no taxable income can have certain quantity of gold jewellery .  Minimum Jewellary Not to be Seized The…