Unexplained deposits - genuineness of gift received by the ...

Court Rules Gift from Daughter to Father Valid u/s 56; Unexplained Income Addition Removed.

October 22, 2020

Case Laws Income Tax AT

Unexplained deposits - genuineness of gift received by the father from his daughter - As per the provisions of section 56 the father and daughter comes in the definition of relatives and there is no bar for giving or taking gift inter se by them. The amount has been transferred to the account of the assessee from bank account of the daughter of the assessee - Addition deleted - AT

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Unexplained deposits - genuineness of gift received by the ...

Court Rules Gift from Daughter to Father Valid u/s 56; Unexplained Income Addition Removed.

October 22, 2020

Case Laws Income Tax AT

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