Taxpayer Wins Case Over Rs 85.3 Lakh Cash Gifts in Chennai
Amirtharaj from Chennai received Rs 85.03 lakh in cash gifts from relatives, including his wife and uncles, and deposited it in his bank account with gift deeds. The bank reported the transaction to the Income Tax Department, which issued tax notices to him and his relatives. The relatives verified the gifts were given between April and September 2016, leading to the taxpayer winning the case.
Economic Times··Chennai



