TMI BlogAssessee Challenges Taxability of Gifted Sum as Deemed Dividend; Cites Father's Instruction to Company.Deemed dividend - Before AO, the assessee claimed that Shri S.J. Marshall (SJM), the father of the assessee had instructed the company to gift a sum to his son (the assessee) - Not taxable in the hands of assessee - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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