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Income Tax - Highlights / Catch Notes

Home Highlights November 2017 Year 2017 This

Addition u/s 68 - The assessee has failed in establishing the ...


Court Questions Large Gifts to HUF u/s 68 Due to Lack of Donor Creditworthiness and Relationship Evidence.

November 30, 2017

Case Laws     Income Tax     HC

Addition u/s 68 - The assessee has failed in establishing the creditworthiness of the donors, occasion for making the gifts and why and donors who were strangers and not men of means gifted such huge amounts to the assessee HUF out of love and affection - HC

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