With due respect to you sir as per my knowledge HUF can have relatives like a father will be deemed to be relative in his sons HUF. I am doing intense reserch in this regards.Very soon i will provide you conclusive evidence also.
With due respect to you sir as per my knowledge HUF can have relatives like a father will be deemed to be relative in his sons HUF. I am doing intense reserch in this regards.Very soon i will provide you conclusive evidence also.
06 July 2011
see this link http://itatonline.org/archives/index.php/vineetkumar-raghavjibhai-bhalodia-vs-ito-itat-rajkot-huf-is-a-relative-for-gifts-exemption-us-562v-vi-vii
This might help u.
But cannot comment on the fate of the above tribunal judgement that whether the same would be sustained in high court or supreme court if contested by the department.
CAclubindia
