Addition on account of the receipts on dissolution of trusts - ...

Receipts from trust dissolution not taxable u/s 56(2)(vi) of Income Tax Act; received with consideration.

February 24, 2017

Case Laws Income Tax AT

Addition on account of the receipts on dissolution of trusts - receipt in the capacity of beneficiaries - the addition cannot be upheld on the applicability of section 56(2)(vi) as the money received by the assessee is not "without consideration" - AT

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Addition on account of the receipts on dissolution of trusts - ...

Receipts from trust dissolution not taxable u/s 56(2)(vi) of Income Tax Act; received with consideration.

February 24, 2017

Case Laws Income Tax AT

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