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A makes a gift of Rs.50,000 to his friend B. the gift was made on 01.09,2010. The Income Tax authorities levy income-tax on the gifted amount. The assesse challenges this levy. Decide.
- admin
- July 27, 2025
- 0
Facts in the Case Issues in the Case Principles Applied 1. Section 56(2)(v) and 56(2)(vii) of the Income Tax Act, 1961 2. Applicability to this […]
7. ‘A’ stands as a surety for the good conduct of ‘B’. Who is employed in a cooperative society ‘B’. Misappropriates some money. The Bank excuses him without informing ‘A’ of ‘B’s misconduct, ‘B’ again misappropriates Rs. 50,000/- the society files a suit against ‘A’ on the strength of the guarantee. Decide giving reasons.
- Sunny Shettipalli
- October 18, 2025
- 0
1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered a) Section 133 – Discharge of Surety by Variance in Terms […]
11.Indian Bar Council Act 1926
- Sunny Shettipalli
- July 29, 2025
- 0
The Indian Bar Councils Act, 1926 was a landmark legislation that laid the foundation for regulating the legal profession in India before the enactment of […]

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