NRI status essential for gift tax exemption: ITAT
The gift tax exemptions will not be available to an NRI if he loses his special status on account of overstaying in India: Income Tax Appellate Tribunal (ITAT)
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The news does not mention the Assessment Year . The gift Tax Act was abolished more than 8 years ago. So , the story has no relevance as on today.
Such story without any reference to year pertaining to case , may only confuse the readers.
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