Income from other sources u/s 56 - addition on account of so ...

Gift from Brother-in-Law Not Taxable u/s 56; Assessee Qualifies as "Relative" per Income Tax Act.

January 17, 2020

Case Laws Income Tax HC

Income from other sources u/s 56 - addition on account of so called gift claimed to have been received from the relative - Brother in law - there is no mention of “blood relative” in the whole section - the assessee would fall within the definition of the term “relative” - No addition is warranted.

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Income from other sources u/s 56 - addition on account of so ...

Gift from Brother-in-Law Not Taxable u/s 56; Assessee Qualifies as "Relative" per Income Tax Act.

January 17, 2020

Case Laws Income Tax HC

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