Income tax: Can a widow be taxed on ₹60 lakh gifted by her late husband? ITAT ruling offers clarity
Summary
A widow won a ₹60 lakh income tax dispute after ITAT Pune accepted her explanation that the cash deposited in her bank account was gifted by her late husband for her and their two daughters. The tribunal ordered deletion of the entire tax addition.
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Income tax: Can a widow be taxed on ₹60 lakh gifted by her late husband? ITAT ruling offers clarity
A widow won a ₹60 lakh income tax dispute after ITAT Pune accepted her explanation that the cash deposited in her bank account was gifted by her late husband for her and their two daughters. The tribunal ordered deletion of the entire tax addition.
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