https://www.taxtmi.com/forum/issue?id=105812 A proprietor of an art gallery received paintings free from artists and sold them domestically before 1 October 2009; the core issue is whether those gratuitous receipts constitute business income taxable as benefits arising in the course of business or qualify as exempt gifts under the gift exemption provision, and the document records no conclusive determination. en-us Wed, 19 Jun 2013 18:21:37 +0530 Thu, 23 Jan 2025 15:57:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=105812 A proprietor of an art gallery received paintings free from artists and sold them domestically before 1 October 2009; the core issue is whether those gratuitous receipts constitute business income taxable as benefits arising in the course of business or qualify as exempt gifts under the gift exemption provision, and the document records no conclusive determination. Discussion-Forum Income Tax Wed, 19 Jun 2013 18:21:37 +0530 https://www.taxtmi.com/forum/issue?id=105812