GIFTS FALLING WITHIN THE PURVIEW OF SECTION 37(3) OF THE INC
Last updated: 18 September 2008
Court :
HIGH COURT OF DELHI
Brief :
If a gift does not have any advertisement value, it cannot be deemed to fall within the category of advertisement as understood for the purposes of section 37(3) read with rule 6B
Citation :
Shriram Pistons & Rings Ltd.
v.
CIT
ITR No. 70/1988
April 29, 2008
You have reached daily limit of 2 Free Judgements. To view this or other Judgements please subscribe to CCI PRO :
Stay updated! Stay ads free
Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.
CCI PRO annual subscription :
Original Price : INR 2999/-
Offer Price : INR 1999/-
Duration : 1 year
(Prices Inclusive of GST)
Know More
Note: If you are a PRO member already, please click here to login (for ad free experience)
CHEZHIYAN
Published in Income Tax
Views : 37
Comments
Trending Online Classes
CAclubindia
