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Addition u/s 68/56(2)(v) - Donors very grim financial background does not justify gift of such a large sum creditworthiness/financial capacity of donors not proved. Moreover such gift is covered by section 56(2)(v) - Addition confirmed

Income Tax - Addition u/s 68/56(2)(v) - Donors very grim financial background does not justify gift of such a large sum, creditworthiness/financial capacity of donors not proved. Moreover, such gift i .....

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