Unexplained credit u/s 68 - gift of Indian Millennium Deposit ...

Indian Millennium Deposit Bond Gift Proceeds Exempt from Taxation u/ss 56(2)(v) and 68.

November 26, 2016

Case Laws Income Tax AT

Unexplained credit u/s 68 - gift of Indian Millennium Deposit ("IMD‟) bond - whether proceeds of India Millennium Deposit cash not be brought to tax in the hands of appellant by invoking provisions of Section 56(2)(v)? - Held No, the same is exempt - AT

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Unexplained credit u/s 68 - gift of Indian Millennium Deposit ...

Indian Millennium Deposit Bond Gift Proceeds Exempt from Taxation u/ss 56(2)(v) and 68.

November 26, 2016

Case Laws Income Tax AT

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