{"id":32758,"date":"2023-02-13T12:58:48","date_gmt":"2023-02-13T07:28:48","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ito-v-dr-satish-natwarlal-shah-2023-bcaj-january-p-33-ahd-trib\/"},"modified":"2023-02-13T12:58:48","modified_gmt":"2023-02-13T07:28:48","slug":"ito-v-dr-satish-natwarlal-shah-2023-bcaj-january-p-33-ahd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ito-v-dr-satish-natwarlal-shah-2023-bcaj-january-p-33-ahd-trib\/","title":{"rendered":"ITO v. Dr. Satish Natwarlal Shah ( 2023) BCAJ \u2013 January -P. 33( Ahd)( Trib)"},"content":{"rendered":"<p>The assessee received gift of shares and the amount from his brother who is residing at USA . The Assessing Officer added the amount of gift as income of the assessee on the ground that there was no occasion of gift\u00a0 in the absence of any family function , namely marriage etc . CIT (A) deleted the addition . On appeal by Revenue the Tribunal up held the order of CIT( A). Relied on Dr . Vempala Bala Manohar v .ITO [2017] 88 taxmann.com 410 ( Visakhapatnam)( Trib) \u00a0, Pendurthi Chandrasekhar (2018) 91 taxmann.com 229 ( AP)(HC)\u00a0\u00a0 ( ITA No. 379\/ Ahd\/ 2020 dt .19 -10 2022)( AY. 2012 -13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 56 : Income from other sources -Gift from relative \u2013 There need not be any occasion for receipt of gift from relative [ S.56(2)(v), 68 ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-32758","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8wm","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=32758"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32758\/revisions"}],"predecessor-version":[{"id":32759,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32758\/revisions\/32759"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=32758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=32758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=32758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}