Gifts made - the assessee was absolute owner of NDAW upto ...

Gift of Shares to NDAW Subject to Gift Tax Under Exclusion Clause of Section 47(XIV) of Income Tax Act.

October 27, 2015

Case Laws Income Tax AT

Gifts made - the assessee was absolute owner of NDAW upto 24/07/2007 and transferred his 51% shares to RBE and then made the gift to NDAW, in which he still holds 49% stakes, thus, the transfer is covered by exclusion clause u/s 47(XIV) of the Act, consequently, is liable to Gift Tax - AT

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Gifts made - the assessee was absolute owner of NDAW upto ...

Gift of Shares to NDAW Subject to Gift Tax Under Exclusion Clause of Section 47(XIV) of Income Tax Act.

October 27, 2015

Case Laws Income Tax AT

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