Income tax case

Assessee has received gift from his grandmother in contemplation of her death, assessee showed this in his statements but it is not acceptable to asessing Officer on groud that the gift/loan could not be confirm and asks for source of income of the donor, donor was not filing her IT returns nor was having PAN. 

Kinldy help along with relevant case if any.

 

Replies (1)

Hello Ankush,

This is a harsh treatment from Ao , as gift specifically includes property recived on will/inheritance and in comtemplation of death of payee.

You can show him the gift section and also you say that the property recived from your grandmother was too recived by her in gift

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details