Gift Deed for ₹26.36 Lakh Cash Gift Admitted at ITAT Stage in Interest of Justice

Nikhil Vinod Raj Rathod Jain Vs ITO (ITAT Mumbai)

Cash Gift from Father Needs Verification, Not Straight Rejection: ITAT Mumbai Remands ₹26.36 Lakh Cash Deposit Addition

Mumbai ITAT,set aside the order of the CIT(A), NFAC and remanded the matter to the AO for fresh examination of cash deposit addition of ₹26.36 lakh made u/s 68.

The AO had treated cash deposits in the Assessee’s bank account as unexplained, rejecting the explanation that the amounts wer

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