Judgement

The Karnataka High Court case examines whether a same-sex partner can be treated as a “spouse” for claiming gift tax exemption under Section 56(2)(x) of the Income Tax Act, 1961.

Can Same-Sex Partners Claim Tax Exemption on Gifts as Spouses? Karnataka High Court to Examine

The ITAT Bangalore deleted an addition of Rs 9.99 lakh made under Section 69A of the Income Tax Act towards cash deposited in the assessee’s bank account. 


ITAT Deletes Section 69A Addition After Assessee Proves Cash Gift from Father

ITAT deleted a Section 69A addition after the assessee established the source of cash deposits through gifts, bank withdrawals and supporting post office records.

ITAT Sets Aside Section 69A Unexplained Money Addition on Gifts Received from Parents, Accepts Cash Withdrawal and Gift Trail

ITAT reduced the addition on cash found in a joint bank locker after partly accepting the taxpayers' claim that it represented marriage gifts.

ITAT Accepts Marriage Gift Explanation, Cuts Unexplained Cash Addition

Tribunal rejects unsubstantiated gift claim, allows limited relief under CBDT Instruction on gold possession.

ITAT Upholds Section 69A Addition, Grants Relief for Permissible Gold Holding

ITAT accepts marriage gifts and savings as valid source for demonetisation cash deposits.

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Can Same-Sex Partners Claim Tax Exemption on Gifts as Spouses? Karnataka High Court to Examine

ITAT Deletes Section 69A Addition After Assessee Proves Cash Gift from Father

ITAT Sets Aside Section 69A Unexplained Money Addition on Gifts Received from Parents, Accepts Cash Withdrawal and Gift Trail

ITAT Accepts Marriage Gift Explanation, Cuts Unexplained Cash Addition

ITAT Upholds Section 69A Addition, Grants Relief for Permissible Gold Holding

ITAT Deletes Demonetisation Addition on Marriage Gift and Household Cash Explanation