![Rs. 3.5 Lakh Gift from Daughter Treated as Unexplained Cash by AO: ITAT Deletes Addition, Accepts Source as Genuine [Read Order]](https://images.taxscan.in/h-upload/2025/09/26/500x300_2091288-itat-income-tax-act-itat-delhi-cash-gift-father-and-father-in-law-taxable-under-income-tax-act-taxscan.webp "Rs. 3.5 Lakh Gift from Daughter Treated as Unexplained Cash by AO: ITAT Deletes Addition, Accepts Source as Genuine [Read Order]")
Rs. 3.5 Lakh Gift from Daughter Treated as Unexplained Cash by AO: ITAT Deletes Addition, Accepts Source as Genuine [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the Assessing Officer (AO)’s addition of Rs. 3.5 lakh, holding that the amount...
![NCLT Has Jurisdiction to Examine Gift Deed Fraud in Oppression & Mismanagement Cases: Supreme Court [Read Order]](https://images.taxscan.in/h-upload/2025/09/09/250x150_2084845-gift-taxscan-new.webp "NCLT Has Jurisdiction to Examine Gift Deed Fraud in Oppression & Mismanagement Cases: Supreme Court [Read Order]")
![Advance Received by Assessee Constitutes a Gift and therefore Exempt from Penalty u/s 271D of the Income Tax Act: ITAT Dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Advance-Received-by-Assessee-Gift-Exempt-from-Penalty-Income-Tax-Act-ITAT-Dismisses-Appeal-taxscan-1.jpg "Advance Received by Assessee Constitutes a Gift and therefore Exempt from Penalty u/s 271D of the Income Tax Act: ITAT Dismisses Appeal [Read Order]")
![Gift of Immovable Property to Sister Not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Gift-of-Immovable-Property-Immovable-Property-Gift-ITAT-Income-Tax-taxscan.jpg "Gift of Immovable Property to Sister Not Taxable: ITAT [Read Order]")
No 'Occasion' required for 'Gift' under Income Tax Law: ITAT deletes Addition towards Gift from NRI Brother [Read Order]
While delivering an assessee-friendly ruling, the Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that there is no occasion required for “gift” under the Income Tax Act, 1961. The...
![No Occasion required for Gift under Income Tax Law: ITAT deletes Addition towards Gift from NRI Brother [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Gift-Income-Tax-Law-Income-Tax-ITAT-Gift-from-NRI-Brother-taxscan.jpg "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]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench consisting of Suchitra Kamble, Judicial Member, and Waseem Ahmed, Accountant Member held that details in return of income which are not...
![Gift from Mother: ITAT deletes Penalty since AO does not examine the Veracity of Affidavit filed by Assessees Mother [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Gift-Mother-ITAT-Penalty-AO-Assessees-Mother-taxscan.jpg "Gift from Mother: ITAT deletes Penalty since AO does not examine the Veracity of Affidavit filed by Assessees 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]
In a major relief to Pharma Firm, M/s Evolutis India Private Ltd, the Income Tax Appellate Tribunal (ITAT), Mumbai Bench ruled that the Income Tax Deduction is allowable on expenses incurred in...
![Income Tax Deduction allowable on Expenses Incurred in Oversea Workshops for Doctors as it cant be treated as Gift, Freebies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/10/Income-Tax-Deduction-ITAT-Taxscan.jpg "Income Tax Deduction allowable on Expenses Incurred in Oversea Workshops for Doctors as it cant 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]
The Central Board of Direct Taxes (CBDT) has notified that the provision of Taxability of Gift is not applicable on equity shares of public sector companies, received from Government under strategic...
![Provision of Taxability of Gift is not applicable on Equity Shares of PSU, received from Govt. under Strategic Disinvestment: CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/09/Provision-of-Taxability-Gift-public-sector-companies-strategic-disinvestment-CBDT-Taxscan.jpg "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
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench while deleting the addition ruled that gift is to be treated as genuine when assessee discharges onus of proving identity, creditworthiness and...
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]
The Madras High court said that the Income Tax Appellate Tribunal (ITAT) wrongly held the transfer of shares by the assessee to its wholly-owned subsidiary is to be considered as a Gift. The...
![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]](https://www.taxscan.in/wp-content/uploads/2020/12/Transfer-of-shares-subsidiary-Gift-Circular-transaction-avoid-tax-Madras-High-Court-Taxscan.jpg "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]")
Gift from Brother-in-Law Exempted from Tax: ITAT Deletes Addition against Narotam Sekhsariya’s Relative [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad bench has recently granted relief to one of the relatives of the Ambuja Cements Ltd, holding that the gift received from brother-in-law is exempted...
![Gift from Brother-in-Law Exempted from Tax: ITAT Deletes Addition against Narotam Sekhsariya’s Relative [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/02/Narotam-Sekhsaria-ITAT-Taxscan.jpg "Gift from Brother-in-Law Exempted from Tax: ITAT Deletes Addition against Narotam Sekhsariya’s Relative [Read Order]")