This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
No addition U/s 68 in respect of gift received from maternal aunt out of natural love
Case Law Details
- Case Name
- Pendurthi Chandrasekhar Vs DCIT (Andhra Pradesh HC)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Andhra Pradesh HC
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Pendurthi Chandrasekhar Vs DCIT (Andhra Pradesh HC)
Conclusion: AO was not justified in adding the amount of Rs. 73,00,000 to the account of assessee received from maternal aunt as the donor herself had given a confirmation letter clearly stating therein that she had transferred the amount and further declaring that she gave the said gift out of natural love and affection towards her nephew and moreover, the donor being no other than the assessee’s own maternal aunt, who was a ‘relative’ as defined under the Explanation to section 56(2)(v).
Held: In the instant case, assessee receive...
