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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

Genuineness of gift – Unless the recipient has proved the ...

Case Laws     Income Tax

August 22, 2014

Genuineness of gift – Unless the recipient has proved the genuineness thereof, the gift can very well be treated to be an accommodation entry of the assessee's own money, which is not disclosed for the purpose of taxation - HC

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