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Income Tax - Highlights / Catch Notes

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Unexplained income u/s 68 - foreign donation - The donor, in ...


Court Reviews Foreign Donation's Legitimacy u/s 68; Donor's Tax Returns Scrutinized by U.S. Authorities.

October 7, 2013

Case Laws     Income Tax     HC

Unexplained income u/s 68 - foreign donation - The donor, in fact, contended that not only his income tax return, but, all such returns are regularly scrutinized by the authority in USA. The gift was received through bank transaction genuineness thereof was thus suitably established - HC

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