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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