https://www.taxtmi.com/highlights?id=68937 Income from other sources u/s. 56(1) - gift of shares received by the assessee - The gift received by the assessee in present case is in the capital field and can be brought to tax under the head capital gain. Accordingly, the provision of section 56(1) cannot be resorted to. - AT en-us Mon, 27 Mar 2023 09:09:12 +0530 Mon, 27 Mar 2023 09:09:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68937 Income from other sources u/s. 56(1) - gift of shares received by the assessee - The gift received by the assessee in present case is in the capital field and can be brought to tax under the head capital gain. Accordingly, the provision of section 56(1) cannot be resorted to. - AT Highlights Income Tax Mon, 27 Mar 2023 09:09:12 +0530 https://www.taxtmi.com/highlights?id=68937