![Gift to Customers not Deductible as Business Expenditure since Its Nature and Identity of Recipients was not Disclosed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Business-Expenditure-Taxscan.jpg "Gift to Customers not Deductible as Business Expenditure since Its Nature and Identity of Recipients was not Disclosed: ITAT [Read Order]")
Gift to Customers not Deductible as Business Expenditure since Its Nature and Identity of Recipients was not Disclosed: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has observed that gift to the customers cannot be treated as Business expenditure for granting...
![No Addition in respect of Gift in the nature of Cash and Property made in pursuance of Family Arrangement between Family Members: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Cash-Deposits-Taxscan.jpg "No Addition in respect of Gift in the nature of Cash and Property made in pursuance of Family Arrangement between Family Members: ITAT [Read Order]")
![Gift from Daughter through Banking Channel can’t be treated as Unexplained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Gift-Banking-Channel-Taxscan.jpg "Gift from Daughter through Banking Channel can’t be treated as Unexplained: ITAT [Read Order]")
![Gift through Banking Channels can’t be treated as Genuine unless Conditions of S. 68 is satisfied: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/05/Monies-Taxscan.jpg "Gift through Banking Channels can’t be treated as Genuine unless Conditions of S. 68 is satisfied: Delhi HC [Read Judgment]")
![Gift to Stockiest and Dealers can’t be treated as Fringe Benefit Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Fringe-Benefit-Tax-TaxScan.jpg "Gift to Stockiest and Dealers can’t be treated as Fringe Benefit Tax: ITAT [Read Order]")
Addition u/s 68 can't be made in respect of receipt of Gift evident through Credit Entries in Bank Passbook: ITAT [Read Order]
While hearing the case of Nanoomal Gupta versus ACIT-Central Circle, Agra bench of Income Tax Appellate Tribunal ( ITAT ) ruled that addition on account of the gift received under Section 68 of the...
![Addition u/s 68 cant be made in respect of receipt of Gift evident through Credit Entries in Bank Passbook: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Credit-Entries-Taxscan.jpg "Addition u/s 68 cant be made in respect of receipt of Gift evident through Credit Entries in Bank Passbook: ITAT [Read Order]")
Gift Received by a Married Woman can’t be treated as ‘Unexplained’ merely on the basis of Entries in Pass Book: ITAT [Read Order]
The Agra bench of Income Tax Appellate Tribunal ( ITAT ) in the case of Nanoomal Gupta versus ACIT wherein bench ordered that Gift received by a married woman can’t be treated as ‘unexplained’ merely...
![Gift Received by a Married Woman can’t be treated as ‘Unexplained’ merely on the basis of Entries in Pass Book: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Gift-Tax-Taxscan-1.jpg "Gift Received by a Married Woman can’t be treated as ‘Unexplained’ merely on the basis of Entries in Pass Book: ITAT [Read Order]")
![AO should Give Opportunity to produce Evidence for Examining the Source of Gift: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Gift.jpg "AO should Give Opportunity to produce Evidence for Examining the Source of Gift: ITAT [Read Order]")
![Gift received by HUF from Mother of Karta would attract Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Gift-Taxscan.jpg "Gift received by HUF from Mother of Karta would attract Income Tax: ITAT [Read Order]")
Addition in respect of Gift cannot be made merely on Conjecture or Surmises: ITAT Mumbai [Read Order]
Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that a receipt of gift cannot be taxed under section 56(2)(vi) merely on conjecture or surmises. The bench, while granting relief...
![Addition in respect of Gift cannot be made merely on Conjecture or Surmises: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Gift-Taxscan.jpg "Addition in respect of Gift cannot be made merely on Conjecture or Surmises: ITAT Mumbai [Read Order]")
Mere reduction in Shares of Profit of a Partner resulting in increase Profit of Another will not Constitute a 'Gift': Kerala HC [Read Judgment]
A division bench of the Kerala High Court recently held that a mere reduction in the shares of one partner, resulting in proportionate increase of shares of another partner would constitute a 'gift'...
![Mere reduction in Shares of Profit of a Partner resulting in increase Profit of Another will not Constitute a Gift: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Sale-of-Shares-Tax-Scan.jpg "Mere reduction in Shares of Profit of a Partner resulting in increase Profit of Another will not Constitute a Gift: Kerala HC [Read Judgment]")