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Income Tax - Highlights / Catch Notes

Home Highlights December 2012 Year 2012 This

Three limbs to invite the mischief of Sec. 68, i.e. ...


Section 68 Inapplicable: Family Transaction Exempt from Creditworthiness Assessment, No Outsiders Involved.

December 14, 2012

Case Laws     Income Tax     AT

Three limbs to invite the mischief of Sec. 68, i.e. creditworthiness, capacity and genuineness of the transactions, cannot be questioned, because the transaction is within the family and no outsider is involved - AT

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