Section 56(2)(vi) Income Tax Act: Proving Deemed Income Needs Clear Evidence of No Consideration in Transaction.

Section 56(2)(vi) Income Tax Act: Proving Deemed Income Needs Clear Evidence of No Consideration in Transaction. https://www.taxtmi.com/highlights?id=6709 Deemed income u/s 56(2)(vi) - before a plea based on section 56(2)(vi) can be taken, a foundation has to be laid that the transaction was without any consideration. - HC en-us Mon, 04 Feb 2013 08:31:26 +0530 Mon, 04 Feb 2013 08:31:26 +0530 TaxTMI RSS Generator Section 56(2)(vi) Income Tax Act: Proving Deemed Income Needs Clear Evidence of No Consideration in Transaction. https://www.taxtmi.com/highlights?id=6709 Deemed income u/s 56(2)(vi) - before a plea based on section 56(2)(vi) can be taken, a foundation has to be laid that the transaction was without any consideration. - HC Highlights Income Tax Mon, 04 Feb 2013 08:31:26 +0530 https://www.taxtmi.com/highlights?id=6709