No ‘Occasion’ required for ‘Gift’ under Income Tax Law: ITAT deletes Addition towards Gift from NRI Brother [Read Order]

Gift from Mother: ITAT deletes Penalty since AO does not examine the Veracity of Affidavit filed by Assessee’s Mother [Read Order]

Income Tax Deduction allowable on Expenses Incurred in Oversea Workshops for Doctors as it can’t be treated as Gift, Freebies: ITAT [Read Order]

Provision of Taxability of Gift is not applicable on Equity Shares of PSU, received from Govt. under Strategic Disinvestment: CBDT [Read Notification]

Gift is to be treated as genuine when Assessee discharges onus of proving Identity, Creditworthiness and Relationship: ITAT deletes Addition

Transfer of Shares by Assessee to its wholly-owned Subsidiary can’t be considered as a Gift and just a Circular Transaction to avoid Tax: Madras High Court [Read Judgment]