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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Genuineness of foreign gifts – there being neither any ...


Court Upholds Income Addition Due to Questionable Foreign Gifts; Lacks Evidence of Genuine Relationship or Occasion.

May 30, 2014

Case Laws     Income Tax     HC

Genuineness of foreign gifts – there being neither any relationship nor there being any circumstance to show natural love and affection of the donor for the donee nor there being any occasion to make such gifts to the assessee - additions confirmed - HC

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