Search & Seizure : Jewellery That Can’t Be Seized Even if No Wealth tax Return Was Filed!

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The search and seizure operation u/s 132 of the Income Tax Act usually results in seizure of jewellary . The good thing to know that as per the law, certain amounts by weight , can not be seized in a operation u/s 132 . In this regard , CBDT has issued instruction by which it has made 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 . 

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