Undisclosed income - on occasions such as marriage the parents ...

Jewelry gifts during marriage should not be assumed as undisclosed income; brides aren't expected to provide purchase evidence.

March 10, 2015

Case Laws Income Tax HC

Undisclosed income - on occasions such as marriage the parents and parents-in-law of a bride do normally gift jewelery to the bride. On occasion such as this, it is not possible to expect the bride to ask for evidence of bills/invoices to support the purchase of the jewelery. One has to proceed on the basis that it is genuine. - HC

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Undisclosed income - on occasions such as marriage the parents ...

Jewelry gifts during marriage should not be assumed as undisclosed income; brides aren't expected to provide purchase evidence.

March 10, 2015

Case Laws Income Tax HC

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