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Case Law Details

Case Name : Kailash Wati Vs ITO (ITAT Delhi)
Related Assessment Year : 2012-13
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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.

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CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty & Co. He is a graduate from St Aloysius College, Mangalore . View Full Profile

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