Gifts received on marraige - how to prove in assessment

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Mayur (Querist)
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12 February 2018 Hello Expert,

We have a case where assessing officer is not accepting the fact that the money deposited in bank, is on account of Gifts received on marriage even though money has been deposited in the corresponding date of marriage and also we have presented a list of person who had gifted the money. Please cite precedents, if any.

I would be greateful.

Thank you.

Arpit

Arpit (Expert)
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12 February 2018 If you showing the proof of receipt of payment then the action of the AO seems unjustified. You can challenge the same. You can refer the below mentioned case laws and facts are quite similar to that of your cases. You can give reference of these cases.

HIGH COURT OF BOMBAY - Mrs. Komal Wazir v. Deputy Commissioner of Income-tax
HIGH COURT OF PUNJAB AND HARYANA - Commissioner of Income-tax (Central), Ludhiana v. Jawahar Lal Oswal
ITAT BANGALORE BENCH ‘B’ - INCOME-TAX OFFICER V. N. SUNITHA

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Mayur

Mayur (Querist)
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12 February 2018 @ Arpit Sir, I am Really Obliged.

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Arpit

Arpit (Expert)
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13 February 2018 it is ok mayur. you can ping me for more queries as well