Querry on GIft

The Question refers to the section 56(v) which should be read before arriving at decision.

 According to me, if the amount received in foreign currency but its rupee equivalent, at the time of withdrawal of the same in indian rupees, exceeds twenty five thousand then its taxable u/s 56(v) other than those specified in proviso to sec 56(v)

which says gift from relatives and all bla bla bla..........

if it is covered u/s 56(v)' s proviso then its not taxable....