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Income Tax - Highlights / Catch Notes

Home Highlights September 2023 Year 2023 This

Unexplained deposit of cash u/s 69A - as submitted that the ...

Income Tax

September 1, 2023

Unexplained deposit of cash u/s 69A - as submitted that the source of the said sum is gift from relative which is not taxable u/s 56 - Considering the fact that undisputedly the gifts have been received from relatives as defined u/s 56(2)(vi) no dispute has been raised to the fact that father and brother of the assessee have sufficient source of income. - Additions deleted - AT

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