Amount received in excess of Rs. 25000 / Rs. 50000 - Deemed gift ...

Income Over Rs. 25,000 Not Taxable as Gift When Received for Withdrawing Caveat Under Income Tax Act Section 56(2)(v.

September 27, 2011

Case Laws Income Tax AT

Amount received in excess of Rs. 25000 / Rs. 50000 - Deemed gift u/s 56(2)(v) - sum received by the assessee was in consideration of the assessee withdrawing the caveat - Not taxable - AT

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Amount received in excess of Rs. 25000 / Rs. 50000 - Deemed gift ...

Income Over Rs. 25,000 Not Taxable as Gift When Received for Withdrawing Caveat Under Income Tax Act Section 56(2)(v.

September 27, 2011

Case Laws Income Tax AT

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