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Income Tax - Highlights / Catch Notes

Home Highlights March 2014 Year 2014 This

Deletion made u/s 69 of the Act – NRI gift could not be accepted ...


Gift from NRI Not Genuine Without Proof of Donor's Capacity and Affection, Rules Court u/s 69.

March 15, 2014

Case Laws     Income Tax     HC

Deletion made u/s 69 of the Act – NRI gift could not be accepted as genuine unless the assessee was able to prove natural love and affection and financial capacity of the donor - HC

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