Unexplained income - unexplained money under section 69A - gifts ...

Gifts from siblings during medical emergencies not classified as unexplained income u/s 69A of Income Tax Act.

July 23, 2022

Case Laws Income Tax AT

Unexplained income - unexplained money under section 69A - gifts received by the assessee from brother and sister - It is a general practice followed that in time of medical emergencies, the near and dear ones of the family, close friends and relatives generally pool their resources to help the family in need. - gifts received by the assessee from her brother and sister cannot be added as unexplained income - AT

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Unexplained income - unexplained money under section 69A - gifts ...

Gifts from siblings during medical emergencies not classified as unexplained income u/s 69A of Income Tax Act.

July 23, 2022

Case Laws Income Tax AT

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