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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Addition on account of gift u/s 56(2)(v) - the gift was received ...


Gift Received Before July 2, 2004, Exempt from Amended Income Tax Act Section 56(2)(v) Provisions.

May 2, 2016

Case Laws     Income Tax     AT

Addition on account of gift u/s 56(2)(v) - the gift was received from friend before the amendment provision come on to the statute books i.e. 02.07.2004 therefore amended provisions are not applicable to the facts of the case - AT

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