Section 269SS not attracted to Cash receipt from father’s proprietary firm

Kalpesh Mahidas Maradia Vs Add. CIT (ITAT Rajkot)

as the impugned amount received by the assessee from his father’s proprietary firm is concerned, we note that the Gujarat High Court in the case of Dr. Rajaram L. Akhani v 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 de

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