No prohibition for NRI for accepting gifts from relatives- ITAT deletes addition

Atul H. Patel Vs I.T.O (ITAT Ahmedabad) The amount of cash was deposited in 2 instalments. A sum of Rs. 2,18,000 was deposited on 18 May 2011 whereas the balance amount of ₹9.25 lakhs was deposited on 7 October 2011. There was mismatch of the time in the amount of cash deposits in the bank out of the gift received by the assessee. Therefore it was doubted by the revenue that the amount of cash deposits is not out of the amount of gift received by the assessee. However, we note that the assessee has discharged his onus by submitting the details (including revised gift deed) that the cash was ...