Cash Gift from Brother and Sister during Medical Emergencies cannot be treated as ‘Unexplained’: ITAT deletes Addition [Read Order]

Cash Gift from Brother and Sister - Cash Gift - medical Emergencies - ITAT - Taxscan

The Income Tax Appellate Tribunal (ITAT), Delhi bench has, while deleting an addition under section 69A of the Income Tax Act, 1961 has held that the cash gift from brother and sister cannot be treated as “unexplained.” The assessee, Ms. Ritu Jain contended that in view of the ill health of her husband, assessee’s sister…

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