NRI Gift from Brother-in-law Held Exempt under Section 56 - ITAT Kolkata Allows Assessee's Appeal

CA Jaydeep Babubhai Vadher , Last updated: 13 December 2025  
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Background of the case The Kolkata Bench "C" of the Income Tax Appellate Tribunal recently decided an important issue on taxability of gifts received from relatives under section 56 of the Income-tax Act, 1961 in the case of Deb Prasanna Choudhury vs ADIT/DCIT (IT)-1(1), Kolkata for AY 2012-13. Th

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CA Jaydeep Babubhai Vadher
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Category Income Tax   Report

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