Judgement

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.

ITAT Deletes Demonetisation Addition on Marriage Gift and Household Cash Explanation.

ITAT Deletes Demonetisation Addition on Marriage Gift and Household Cash Explanation

News

RBI permits GIFT City branches to mobilise FCNR(B) deposits, boosting NRI deposit inflows.

RBI Allows Banks to Mobilise FCNR(B) Deposits Through GIFT City Branches

Articles

A comprehensive guide to gift taxation in India covering taxable and exempt gifts, Section 56(2)(x) provisions, reporting requirements, and practical examples for FY 2025-26.

Gift Received in FY 2025-26? Check Its Taxability Under Income Tax

At 52, Anita Kapdi became a CA and fulfilled her dream of gifting the achievement to her father on his 75th birthday.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

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

RBI Allows Banks to Mobilise FCNR(B) Deposits Through GIFT City Branches

Gift Received in FY 2025-26? Check Its Taxability Under Income Tax

A Daughter’s Dream: Anita Kapdi Earns CA Degree at 52 for Her Father