Other sources doubt

Yes, it will be taxable u/h. IFOS.

You are welcome.                          

Though it is disputable issue...

Let me quote the argument of ITO in such case.. Case was opened based on TCS not claimed...

1. No personal assts are sold at profits specifically a Car.

2. Car is personal asset and is out of tax ambit when an assessee receives it as gift, but when the same is sold at profits over and above the original cost paid by donor, tax liability arises over the difference.

3. Can you provide any case law in favor of your claim?