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Income Tax - Highlights / Catch Notes

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Addition on account of gift - donors did not appear in response ...


Gift Addition Contested: Rs. 3 Lakhs Removed Due to Lack of Donor Response u/s 131 Despite Provided Details.

June 18, 2013

Case Laws     Income Tax     AT

Addition on account of gift - donors did not appear in response to notices u/s 131 - as all details were furnished and source of source were also explained, there is no reason to uphold the addition of Rs.3 lacs. - AT

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