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Income Tax - Highlights / Catch Notes

Home Highlights October 2014 Year 2014 This

Unexplained gifts - the gifts in question suffer from ...


Gifts Classified as Non-Genuine by Assessing Officer, Taxed as Income Due to Improbability and Inconsistency.

October 9, 2014

Case Laws     Income Tax     AT

Unexplained gifts - the gifts in question suffer from improbabilities which cannot be held as normal human conduct and the AO had rightly held the gifts to be non-genuine and taxed as income - AT

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