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ITAT deletes Addition for Cash Gift from Uncle and Aunt

It is pertinent to note that to meet the emergency situation of additional expenses by the assessee the assessee has obtained cash not only from assessee’s father and mother but also the close relative i.e. the maternal Uncle, maternal Aunt as well as paternal uncle and paternal aunt and the said relation cannot be doubted by the Assessing Officer.

The post Itat Deletes Addition for Cash Gift from Uncle and Aunt appeared first on TaxGuru.



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ITAT deletes Addition for Cash Gift from Uncle and Aunt

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