Brother wins tax case after Income Tax Department questions Rs 10 lakh gift from sisters

Times of IndiaCenter-RightEN 4 min read 100% complete by TOI BUSINESS DESKOctober 26, 2025 at 07:53 PM

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long article 4 min

Mr. Maheshwari from Agra received Rs 2.74 crore and Rs 6.25 lakh as gifts from his two sisters to invest in his business ventures. When filing his income tax return for assessment year 2016-17, he declared an income of Rs 10 lakh. The Income Tax Department scrutinized the gifts under Section 143(2) and questioned their legitimacy due to insufficient documentation. Mr. Maheshwari challenged this in the Commissioner of Appeals but was partially unsuccessful. He then appealed to the Income Tax Appellate Tribunal (ITAT) Agra bench, which ruled in his favor on September 30, 2025, after he provided comprehensive documentary proof.

Key Topics & Entities

Delhi ×260% Agra ×370% Income Tax Department ×280% Mr. Maheshwari ×5100%

Keywords

tax case 90% gift from sisters 85% income tax department 75% income tax net 65% comprehensive documentary proof 60% section 143(2) 55% assessment order 50% unexplained cash credit 45% income tax appellate tribunal agra bench 45% financial capability documentation 40%

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Positive

Score: 0.20

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Times of India

Political Lean

Center-Right (0.20)

Far LeftCenterFar Right

Classification Confidence

90%

Geographic Perspective

Agra

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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tax case gift from sisters income tax department income tax net comprehensive documentary proof section 143(2)assessment order unexplained cash credit income tax appellate tribunal agra bench financial capability documentation

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