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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

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CHEZHIYAN
Published in Income Tax
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