https://www.taxtmi.com/caselaws?id=761101 The court set aside the order and notice under Sections 148A(d) and 148 of the Income Tax Act, 1961, ruling in favor of the petitioner. It determined that the donor, being the brother of the petitioner's father, qualified as a 'relative' under the Act, exempting the gift from taxation. The court dismissed the assessing officer's interpretation, which had deemed the gift taxable due to the absence of 'nephew' in the definition of 'relative.' The judgment clarified that the Act's language encompassed the donor as a relative, leading to the annulment of the order and notice for the Assessment Year 2018-19. en-us Tue, 01 Oct 2024 00:00:00 +0530 Tue, 05 Nov 2024 07:38:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761101 The court set aside the order and notice under Sections 148A(d) and 148 of the Income Tax Act, 1961, ruling in favor of the petitioner. It determined that the donor, being the brother of the petitioner's father, qualified as a 'relative' under the Act, exempting the gift from taxation. The court dismissed the assessing officer's interpretation, which had deemed the gift taxable due to the absence of 'nephew' in the definition of 'relative.' The judgment clarified that the Act's language encompassed the donor as a relative, leading to the annulment of the order and notice for the Assessment Year 2018-19. Case-Laws Income Tax Tue, 01 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761101