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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

Unexplained gifts – Donee denied to make gifts – transaction is ...


Court Rules Gifts as Facade: Money Indirectly Transferred to Assessee's Account from Firm Found Unauthentic.

August 23, 2014

Case Laws     Income Tax     HC

Unexplained gifts – Donee denied to make gifts – transaction is not genuine but colorable – money is routed indirectly from the firm to the assessee's account under the garb of the gifts - HC

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