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    Receipt of assets by a private trust established solely for benefit of relatives covered by exception under clause (X) of proviso to section 56(2)(x)  The Assessee1 is a private trust settled on 01-Sep-2021 by Mr. Venu Srinivasan (‘Sett
Direct Tax Shailendra padhiyar Direct Tax Shailendra padhiyar

Receipt of assets by a private trust established solely for benefit of relatives covered by exception under clause (X) of proviso to section 56(2)(x)

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    Reference to charging section mandatory to make additions; definition section cannot create tax liability  The Assessee1 is one of the directors of companies of Mohan India Group i.e., M/s Mohan India Pvt Ltd., Tavishi Enterprises Pvt L
Direct Tax Shailendra padhiyar Direct Tax Shailendra padhiyar

Reference to charging section mandatory to make additions; definition section cannot create tax liability

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