2025 (3) TMI 1509

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....1,000/- received by the assessee from her daughter-in-law is assessable to tax u/s. 56(2)(vii) of the Income Tax Act, 1961 ("the Act"). 2. The facts relating to the issue are that the assessee is an individual and it was noticed by the AO that the assessee has deposited a sum of Rs. 13.77 lakhs into her bank account during the year under consideration. The AO noticed that the assessee has not filed her return of income for the year under consideration. Hence, the AO reopened the assessment of the year under consideration by issuing a notice u/s. 148 of the Act in order to examine the sources of above said deposits. 2.1. With regard to the sources of deposits, the assessee explained that she has received gifts from her son and dau....

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....of the assessee falls under the category of "relative" of the assessee, being the mother in law of the donor. We notice that the word "Relative" is defined in the Explanation(e) to sec. 56(2)(vii)of the Act as under:- (e) "relative" means,- (i) in case of an individual- (A) spouse of the individual: (B) brother or sister of the individual; (C) brother or sister of the spouse of the individual; (D) brother or sister of either of the parents of the individual; (E) any lineal ascendant or descendant of the individual; (F) any lineal ascendant or descendant of the spouse of the individual; (G) spouse of the person referred to in items (B) to (F); and (ii) ....