Gifts receipt - benefit or perquisite within meaning of section ...

Case Laws Income Tax

April 23, 2020

Gifts receipt - benefit or perquisite within meaning of section 28(iv) as business income - whenever an amount is paid as personal gift for personal qualities of assessee and as token of personal esteem and veneration, it cannot be subjected to tax as income arising out of business, profession or vocation. - AT

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Gifts receipt - benefit or perquisite within meaning of section ...

Case Laws Income Tax

April 23, 2020

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