CA NeWs Beta*: Mere routing of gift through banking channel won’t establish its sanctity, says Bombay High Court

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Wednesday, March 4, 2015

Mere routing of gift through banking channel won’t establish its sanctity, says Bombay High Court

Mere routing of gift through banking channel won’t establish its sanctity, says Bombay High Court

March 4, 2015[2015] 54 taxmann.com 258 (Bombay)/[2015] 229 Taxman 252 (Bombay)
IT : Mere routing of a gift through a banking channel would not by itself establish that gift is genuine
at 8:08 AM

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