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Income Tax - Highlights / Catch Notes

Home Highlights November 2016 Year 2016 This

In the absence of anything to show that the transaction was by ...

Case Laws     Income Tax

November 25, 2016

In the absence of anything to show that the transaction was by way of money laundering, additions could not be made towards gifts when the assessee has discharged his burden by proving the identity, genuineness and capacity of the donor. - AT

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