The Income Tax Appellate Tribunal (ITAT) Ahmedabad bench has recently granted relief to one of the relatives of the Ambuja Cements Ltd, holding that the gift received from brother-in-law is exempted from income tax. The assessee received a gift from his brother-in-law, Shri Narotam Sekhsariya, the founder of Ambuja Cements Ltd. while completing the assessment […]
The post Gift from Brother-in-Law Exempted from Tax: ITAT Deletes Addition against Narotam Sekhsariya’s Relative [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
from Taxscan | Simplifying Tax Laws http://bit.ly/2HQOfv4
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