ITAT: Karta's mother not relative of HUF, upholds taxability of gift u/s 56(2)(vii)


Conclusion

Delhi ITAT upholds revision u/s 263 in order to tax gift received by assessee-HUF from mother of Karta (not member of HUF) u/s 56(2)(vii) for AY 2013-14; During relevant AY, a...

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