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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

Unexplained investment in jewellery - The quantum and the worth ...


Jewelry Investment Explained: Social and Financial Status of Donor and Recipient Justify Gifts' Value and Quantity.

December 30, 2013

Case Laws     Income Tax     AT

Unexplained investment in jewellery - The quantum and the worth of the gifts also depend upon the social as well as financial status not only of the donor but of the donee also - It cannot be said to be a case of unexplained jewellery - AT

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