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Income Tax - Highlights / Catch Notes

Home Highlights May 2013 Year 2013 This

Addition u/s 68 - no person will gift 50% of his capital to a ...


Gift Under Scrutiny: Section 68 Questions Validity of Capital Transfer Without Relationship or Friendship.

May 21, 2013

Case Laws     Income Tax     AT

Addition u/s 68 - no person will gift 50% of his capital to a person with whom he has no relationship, blood relation or friendship. - onus is on the assessee to prove genuineness - AT

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