income tax
assessee's gifts have come through Account
Payee drafts. Gift agreem ents are there, copy of
gift tax were available on record ... donors have paid gift tax on the gifts.
5. (a) The Ld A.O. verified the copies of the Gift
Tax Challans. But the copies
that once the three basic conditions of
identity of persons, relationship with person, or occasion with respect to the
gift are proved, there ... mode of gift has been stated as cash which was
not even available with them but after getting loans made gifts.
All these facts, goes
Transfer Of Property Act certain conditions are required to fulfilled to
qualify as a valid gift. Section 122 of The Transfer Of Property Act postulates ... trade. The acceptance of the above gift in case of the recipient of the above
gift has also been established as all of them have
funds of the society are to be managed as per the
conditions provided in the Memorandum of Association and Bye
Laws. The relevant extract ... society
(c) All moneys received by the society by way of grant, gifts,
donations beneficiations, bequests or transfers; and
(d) All moneys received
Bank statements, confirmation letter for the gifts given and ITR
acknowledgment from all the relatives who gave gifts were also
submitted. Ld. AO examined these ... Provisions of section 263 can be invoked only when the twin
conditions are satisfied i.e. order should be both erroneous and
prejudicial
Medley Pharmaceuticals Ltd., Mumbai vs Dy.C.I.T., Cent.Cir.10(2)(2), Mumbai
profiles and also the fact that they were responsible to decide various gifts under the
heads "sales promotion".
Perusal of all the evidences ... submission made by the appellant that the conditions required fora
payment to be considered as commission were definitely present in the payment
made
though flexible bypass
line.
e. The unit has not complied with the conditions issued in the
CTO dated 30.09.2014 and RCO dated 29.06.2015.
f. Sample ... conducted and the unit was
instructed to comply with the following conditions:
11
a. Electro Magnetic Flow meters will be provided in the inlet
letter No 3082/08/LA2/ Dated
09.03.2009 with a list of conditions that it should handover the land for OSR (Open
Space Reserved ... land
10
for the above purpose to the local body vide its Gift Deed dated 15.04.2009 and
Ratification Deed dated 14.09.2010.
The Project Developer
spouse. Therefore, only those children who are
dependent and meet other conditions of eligibility for family pension at the time
of the death ... parents.
Therefore, only those children who are dependent and meet other conditions of
eligibility for family pension at the time of the death
