Society-Funded Property in Personal Name Triggers Gift Tax

Himanshu Kukreja Vs ITO (ITAT Delhi)

Property Bought in Individual Name, Paid by Society = Taxable Gift: ITAT Delhi Upholds ₹8.64 Cr Addition u/s 56(2)(vii)

Delhi ITAT (Dehradun Bench), in Himanshu Kukreja vs. ITO (ITA No.147/Del/2024, AY 2016-17, order dated 23.12.2025), dismissed the assessee’s appeal and upheld addition of ₹8,64,15,000 u/s 56(2)(vii)(b)Please become a Premium member. If you are already a Premium member, login here to access the full content.