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Income Tax - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

Receipt of gift by a nonresident Indian - assessee cannot be ...

Case Laws     Income Tax

June 5, 2015

Receipt of gift by a nonresident Indian - assessee cannot be asked to prove the source of source. Moreover, Gift Tax Act nowhere provides that a gift by somebody who is not creditworthy is not a gift. - HC

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