https://www.taxtmi.com/highlights?id=53117 Gifts receipt - benefit or perquisite within meaning of section 28(iv) as business income - whenever an amount is paid as personal gift for personal qualities of assessee and as token of personal esteem and veneration, it cannot be subjected to tax as income arising out of business, profession or vocation. - AT en-us Thu, 23 Apr 2020 11:12:18 +0530 Thu, 23 Apr 2020 11:12:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53117 Gifts receipt - benefit or perquisite within meaning of section 28(iv) as business income - whenever an amount is paid as personal gift for personal qualities of assessee and as token of personal esteem and veneration, it cannot be subjected to tax as income arising out of business, profession or vocation. - AT Highlights Income Tax Thu, 23 Apr 2020 11:12:18 +0530 https://www.taxtmi.com/highlights?id=53117