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Income Tax - Highlights / Catch Notes

Home Highlights August 2011 Year 2011 This

Genuineness of gift - The capacity of any person does not mean ...


Gift Validity Assessed on Donor's Overall Wealth, Not Just Income, Important in Income Tax Cases.

August 8, 2011

Case Laws     Income Tax     HC

Genuineness of gift - The capacity of any person does not mean how much they earn monthly or annually, but the term capacity has vided term and that can be perceived by how wealthy he is....- HC

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