Non-Verification of Gifts from Grandmother: ITAT remands Matter for Consideration of Additional Documents [Read Order]

ITAT directed JAO to pass an order in accordance with the law and to give the assessee a fair chance to be heard

By Saagarika Gopinath - On August 28, 2024 10:27 am - 2 mins read

ITAT - ITAT Ahmedabad - Income Tax - Gifts from Grandmother taxation - Grandmother gifts tax - taxscan

In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) ordered JAO to consider additional documents filed before CIT(A) due to non – verification of gifts that were received from the assessee’s grandmother. In this case, the assessee is Ravindrabhai Lakshmanrav Mane, who trades shares and makes money from…

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