Section 68 requires assessing donor's capacity when subscribing to RIB Bonds, not at maturity.

Section 68 requires assessing donor's capacity when subscribing to RIB Bonds, not at maturity. https://www.taxtmi.com/highlights?id=24634 Additions u/s 68 - capacity of the donor has to be examined with reference to the time when the donor subscribed to RIB Bonds and not its capacity at the time of the maturity of the RIB Bonds. - HC en-us Wed, 09 Sep 2015 13:07:08 +0530 Wed, 09 Sep 2015 13:07:08 +0530 TaxTMI RSS Generator Section 68 requires assessing donor's capacity when subscribing to RIB Bonds, not at maturity. https://www.taxtmi.com/highlights?id=24634 Additions u/s 68 - capacity of the donor has to be examined with reference to the time when the donor subscribed to RIB Bonds and not its capacity at the time of the maturity of the RIB Bonds. - HC Highlights Income Tax Wed, 09 Sep 2015 13:07:08 +0530 https://www.taxtmi.com/highlights?id=24634