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Income Tax - Highlights / Catch Notes

Home Highlights January 2024 Year 2024 This

Cash deposits during demonetization period u/s 69A - So far as ...


Gift from Grandparent Deemed Valid Despite Lack of Documentation; Cash Deposits During Demonetization Period Cleared.

January 8, 2024

Case Laws     Income Tax     AT

Cash deposits during demonetization period u/s 69A - So far as the gift of grand parent is concerned we are quite convinced that the family has financial worth to gift on the occasion of the grand daughter as the documents could not be furnished as the grand parent has since expired. - Additions deleted - AT

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