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Mother sells gold jewellery, gifts ₹16 lakh to son, Income Tax Department questions deposits but ITAT grants relief

2 hours ago 1
A man received ₹16 lakh from his mother after she sold gold jewellery, but the Income Tax Department questioned the cash deposits. The Jaipur ITAT deleted the ₹13.04 lakh addition after examining the gift deed, jewellery valuation and supporting evidence.
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