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Receipt of gift by a nonresident Indian - assessee cannot be asked to prove the source of source. Moreover Gift Tax Act nowhere provides that a gift by somebody who is not creditworthy is not a gift. - HC

Income Tax - Receipt of gift by a nonresident Indian - assessee cannot be asked to prove the source of source. Moreover, Gift Tax Act nowhere provides that a gift by somebody who is not creditworthy is not a gift. - HC - TMI Tax Updates - Highlights .....

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