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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Unexplained cash credits u/s. 68 - the donor in question is not ...

Case Laws     Income Tax

November 17, 2015

Unexplained cash credits u/s. 68 - the donor in question is not in any way related to the assessee. And also there is no corresponding channel in the gift instrument linking assessee’s amount credit to that of donor’s account - assessee has failed to prove the execution of a valid gift in question - AT

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