Unless and until gift is connected with profession or vocation, it cannot be taxed

CASE LAWS DETAILS DECIDED BY: HIGH COURT OF MADRAS, IN THE CASE OF: CIT Vs. Gopala Naicker Bangaru, APPEAL NO: TAX CASE APPEAL NO. 308 OF 2009, DECIDED ON JULY 21, 2010 JUDGMENT M.SATHYANARAYANAN, J The Revenue has preferred this Appeal under Section 260-A of the Income-tax Act, 1961 challenging the vires of the order dated 17.10.2008 passed by the Income Tax Appellate Tribunal `C’ Bench, Chennai, made in I.T.A 588/Mds./2005. 2. This appeal was admitted on the following substantial questions of law:- 1. Whether on the facts and circumstances of the case, the Income-tax A...