Relative Defined, Addition Falls: ITAT Clears ₹12 Lakh Credit

Kailash Wati Vs ITO (ITAT Delhi) Gift from Husband Not Taxable: ITAT Delhi Deletes ₹12 Lakh Addition in Reassessment The Delhi ITAT (SMC), in Kailash Wati v. ITO (ITA No. 7583/Del/2025, AY 2012-13; order dated 24.12.2025), has allowed the Assessee’s appeal and deleted the addition of ₹12 lakh treated as unexplained income in reassessment proceedings u/s 147. The AO had treated a bank credit of ₹12 lakh received on 27.07.2011 as unexplained and brought it to tax, which was upheld by the NFAC. Before the Tribunal, the Assessee produced evidence showing that the amount was received throug...