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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

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

Income Tax

February 24, 2017

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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