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House given to wife for inadequate consideration could be attached to recover tax dues of husband

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  • House given to wife for inadequate consideration could be attached to recover tax dues of husband
Posted onon March 22, 2017

Tenet Tax Daily March 17 2017

By tenettax-team
Corporate Tax, Individual Taxation

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Sec. 44BB covers hiring of barge for offshore accommodation being indirect usage of barge to extract mineral oil
Rent taxable as business receipt as leasing out was part of business activity of firm as per partnership deed

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