Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1996 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1996 (4) TMI 51 - MADRAS HIGH COURTExtract: .......correct on the part of the Tribunal to state that the property gifted was only money in American currency and the delivery of the gifted property took place in America when the assessee obtained the drafts after remitting the money thereto. Accordingly, we answer the question referred to us in the negative and in favour of the Department. No costs.
|