Tax Column
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The Chandigarh Tribunal in the case of Pankil Garg has held that gift received by member of HUF is not taxable. However, the Ahmedabad Tribunal in the case of Gyanchand Bardia has held otherwise that gift received by member of HUF is taxable.
The Chandigarh Tribunal in the case of Pankil Garg has held that gift received by member of HUF is not taxable. However, the Ahmedabad Tribunal in the case of Gyanchand Bardia has held otherwise that gift received by member of HUF is taxable.
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