Begin typing your search above and press return to search.
![Partners of a Firm are bound to Explain the Source of Gift received by their Minor Children: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/04/Gift-Taxscan.jpg "Partners of a Firm are bound to Explain the Source of Gift received by their Minor Children: Allahabad HC [Read Judgment]")
Partners of a Firm are bound to Explain the Source of Gift received by their Minor Children: Allahabad HC [Read Judgment]
The division bench of the Allahabad High Court, in the case Banaras Chemical Factory v. CIT, held that the burden of explaining the source of gift...