Gifts from Sister & Father-in-Law Accepted: ITAT Deletes Addition

Avtar Singh Gill Vs DCIT (ITAT Chandigarh) In a case brought before the Income Tax Appellate Tribunal (ITAT), Chandigarh, an assessee, Avtar Singh Gill, challenged the confirmation of an income tax addition of Rs. 6.75 lakhs for Assessment Year 2014-15. The dispute arose from two gifts received by the assessee: Rs. 3.75 lakhs from his sister and Rs. 3 lakhs from his father-in-law. The Assessing Officer (AO) and the Commissioner of Income Tax (Appeals) had previously rejected the assessee’s explanations, treating the gifts as unexplained income. The lower authorities’ rationale was ...