Rs 80 lakh gift from brother-in-law lands man in tax trouble; here’s how he won the case

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A UAE resident received Rs 80 lakh as a gift from his brother-in-law. The tax department issued a Rs 69 lakh tax demand. However, the Income Tax Appellate Tribunal in Kolkata ruled in the taxpayer's favor. The tribunal clarified that gifts from relatives are tax-exempt under the Income Tax Act.