Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Addition as income from other sources - Stamp value in excess of consideration price - gift of flat to a grandson - Addition made against the clubbing of income u/s 56(2)(vii)(b) read with Section 64(1A) of the Act - gift of flat to a grandson does not come within the clutches of sec. 56(2)(viib) since grandfather and grandson are relative.
Addition as income from other sources - Stamp value in excess of consideration price - gift of flat to a grandson - Addition made against the clubbing of income u/s 56(2)(vii)(b) read with Section 64(1A) of the Act - gift of flat to a grandson does not come within the clutches of sec. 56(2)(viib) since grandfather and grandson are relative.
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