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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Addition towards gift - Sale of land - the transactions of gift ...


Gift of Shares for A.Y. 2008-09 Cannot Be Added to Land Sale Assessment for A.Y. 2009-10.

April 11, 2019

Case Laws     Income Tax     AT

Addition towards gift - Sale of land - the transactions of gift of shares and transactions relating to sale of land - transfer of land arose during Asst. Year 2009-10 and the impugned gift relating to Asst. Year 2008-09 - Addition of gift cannot be made in the A.Y. 2009-10.

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