Cash Gifts during Marriage is Customary in India: ITAT deletes Addition Including Demonetized Notes received as Marriage Gift [Read Order]

Cash Gifts - Cash Gifts during Marriage - ITAT - Marriage Gift - taxscan - taxnews

The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) has deleted an addition under section 69A of the Income Tax Act, 1961 where the assessee received cash including the demonetized currencies as gift during marriage. The assessee, Smt Porkodi was aggrieved by the order wherein the AO noticed that the assessee has…

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