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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

Gift from brother - Creditworthiness and genuineness of donor - ...


Tax Authorities Confirm Income Additions Due to Unsubstantiated Gift from Brother Lacking Cash Flow Statement.

December 6, 2013

Case Laws     Income Tax     HC

Gift from brother - Creditworthiness and genuineness of donor - The assessee could not produce the statement of cash flow to show that the gift was genuine one - additions confirmed - HC

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