Thank you so much for the learnings Sir. In question no 1 , taxability in the hands of minor daughter is exempt is because gift received in marriage is exempt. Relative criteria is correct but its secondary is what I feel.
Both reasons are applicable. None can be said to be primary or secondary. You can apply one or both the reasons and the result arrived at will be the same. :)
Thanks for English explanation sir
Most welcome
Thank you so much for the learnings Sir.
In question no 1 , taxability in the hands of minor daughter is exempt is because gift received in marriage is exempt. Relative criteria is correct but its secondary is what I feel.
Both reasons are applicable. None can be said to be primary or secondary. You can apply one or both the reasons and the result arrived at will be the same. :)