Case Law Details
Case Name : Hitesh Manshukhbahi Dave Vs JCIT (ITAT Rajkot)
Related Assessment Year : 2015-16
Courts :
All ITAT ITAT Rajkot
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Hitesh Manshukhbahi Dave Vs JCIT (ITAT Rajkot)
Gujarat High Court in the case of Dr. Rajaram L. Akhaniv ITO [2017] 88 taxmann.com 693 (Gujarat) has held that where assessee had accepted a sum of Rs. 2 lakhs from his son to meet urgent requirement of depositing margin money in bank account for buying a vehicle for personal use, amount so received was neither a loan nor a deposit within meaning of section 269SS. The Delhi ITAT in the case of ACIT v Vardaan Fashion [2015] 60 taxmann.com 407 (Delhi – Trib.) held that acceptance of cash by husband from his wife cannot said to be taking of loa...
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