Saturday, 14 September 2013

Understanding Allowability of Business Expenditure under section 37 of the Income Tax Act, 1961 with latest case laws

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Kolkata ITAT holds Husband's HUF not falling in the definition of ‘Relative’ of a Wife for gift-tax purposes under Income-tax

  Kolkata Tribunal has recently ruled that HUFs cannot be treated as “relatives” under the gift-tax provisions of the Income-tax Act, thereb...