The Hyderabad Income Tax Appellate Tribunal (ITAT) has ruled that a gift from a mother cannot be treated as an unexplained investment by the income tax department if the taxpayer proves the donor's identity, relationship and source of funds.
Hyderabad ITAT rules gift from mother cannot be treated as unexplained investment if source is proved
The Hyderabad Income Tax Appellate Tribunal (ITAT) has ruled that a gift from a mother cannot be treated as an unexplained investment by the income tax dep…
Lok Darpan
