Cash Gifts From Family Can’t Be Rejected Without Verification

Nasim Ahmad Khan Vs ACIT (ITAT Lucknow) Cash Gifts From Family Need Verification, Not Blind Rejection: ITAT Lucknow Remands ₹13.50 Lakh s.68 Addition Lucknow ITAT ‘B’ Bench, in Nasim Ahmad Khan vs. ACIT  (ITA No.492/LKW/2024, AY 2017-18, order dated 23.12.2025), allowed the assessee’s appeal for statistical purposes and set aside the orders of the lower authorities, remanding the issue of ₹13.50 lakh addition u/s 68 r.w.s. 115BBE for fresh adjudication on merits. The Assessee had explained the cash capital contribution of ₹13.50 lakh as received from close family members—father,...