Addition u/s 68/56(2)(v) - Donors very grim financial background ...

Gift Addition Upheld: Donor's Poor Financial Background Doesn't Justify Large Gift u/ss 68 & 56(2)(v.

July 4, 2016

Case Laws Income Tax AT

Addition u/s 68/56(2)(v) - Donors very grim financial background does not justify gift of such a large sum, creditworthiness/financial capacity of donors not proved. Moreover, such gift is covered by section 56(2)(v) - Addition confirmed

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Addition u/s 68/56(2)(v) - Donors very grim financial background ...

Gift Addition Upheld: Donor's Poor Financial Background Doesn't Justify Large Gift u/ss 68 & 56(2)(v.

July 4, 2016

Case Laws Income Tax AT

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