Circular No. 419-Income Tax -
Circular No. 419-Income Tax In the case of CGT v. Basant Kumar Aditya Vikram Birla  137 ITR 72 (Cal.), the karta of the assessee-HUF gave jewellery, cash and fridge of the value of Rs. 67,744 to his daughter at the time of her marriage. The assessee-HUF claimed that these were marriage expenses and did not fall within the ambit of ...