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Income Tax - Highlights / Catch Notes

Home Highlights February 2013 Year 2013 This

Deemed income u/s 56(2)(vi) - before a plea based on section ...


Section 56(2)(vi) Income Tax Act: Proving Deemed Income Needs Clear Evidence of No Consideration in Transaction.

February 4, 2013

Case Laws     Income Tax     HC

Deemed income u/s 56(2)(vi) - before a plea based on section 56(2)(vi) can be taken, a foundation has to be laid that the transaction was without any consideration. - HC

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