Husband-to-Wife Property Gift Exempt, ₹1.78 Cr Addition Deleted

Dhruti Jaysukhbhai Ranpariya Vs ITO (ITAT Rajkot) Husband-to-Wife Property Gift Fully Exempt: ITAT Rajkot Deletes ₹1.78 Cr Addition; Immovable Property Not ‘Money’: s.69A Inapplicable to Gifted Assets  Rajkot Bench of the ITAT, vide order dated 31.12.2025 in Dhruti Jaysukhbhai Ranpariya v. ITO (ITA No. 536/RJT/2025, AY 2018-19), allowed the assessee’s appeal and deleted the addition of ₹1,78,17,600, holding that immovable properties received by the assessee from her husband by way of gift were fully exempt from tax. The assessee, an individual opting for presumptive taxation u/s 44A...