Addition u/s 56(2)(v) - whether gift cannot be revoked after ...

Court Rules Gift u/s 56(2)(v) Cannot Be Revoked After Acceptance; Transaction Deemed Temporary Money Advancement.

May 12, 2016

Case Laws Income Tax AT

Addition u/s 56(2)(v) - whether gift cannot be revoked after acceptance? - It was a temporary advancement of the money by the transferor to the assessee and the amount was repaid when asked for, as per the transfer document - No addition - AT

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Addition u/s 56(2)(v) - whether gift cannot be revoked after ...

Court Rules Gift u/s 56(2)(v) Cannot Be Revoked After Acceptance; Transaction Deemed Temporary Money Advancement.

May 12, 2016

Case Laws Income Tax AT

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