CORPORATE AND PROFESSIONAL UPDATE APRIL 21, 2016
CORPORATE AND PROFESSIONAL UPDATE APRIL 21, 2016 Indirect Tax: IT: Receipt by the assessee from the HUF of which the assessee was the member – treated as gift received from the relative (group of relatives) – Not Taxable u/s 56 (2) r.w.s. 2(31) – Biravelli Dhanalaxmi Vs. ITO, W-4, Karimnagar (2016 (4) TMI 669 – ITAT Hyderabad) IT: …