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Income Tax - Highlights / Catch Notes

Home Highlights December 2012 Year 2012 This

Unexplained investment – Gifted jewelleries cannot be treated as ...


Jewelry gifts with supporting evidence like gift certificates aren't considered unexplained investments under tax law.

December 31, 2012

Case Laws     Income Tax     AT

Unexplained investment – Gifted jewelleries cannot be treated as unexplained as the same is duly supported by such corroborative evidence like gift certificate etc. - AT

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