Addition as income from other sources - Stamp value in excess of ...

Gifted Flat to Grandson Exempt from Tax u/s 56(2)(vii)(b); Relatives Not Subject to Income Clubbing Rules.

June 2, 2020

Case Laws Income Tax AT

Addition as income from other sources - Stamp value in excess of consideration price - gift of flat to a grandson - Addition made against the clubbing of income u/s 56(2)(vii)(b) read with Section 64(1A) of the Act - gift of flat to a grandson does not come within the clutches of sec. 56(2)(viib) since grandfather and grandson are relative.

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Addition as income from other sources - Stamp value in excess of ...

Gifted Flat to Grandson Exempt from Tax u/s 56(2)(vii)(b); Relatives Not Subject to Income Clubbing Rules.

June 2, 2020

Case Laws Income Tax AT

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