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Tamil Nadu

Rs 85.3 lakh cash gifts from relatives deposited in bank trigger unexplained deposit income tax notice; taxpayer contests and wins case in ITAT Chennai

Source: Economic Times 5 Oct 2026, 10:43 AM IST · 2 hours ago
Photo: Economic Times

Mr Amirtharaj from Thygarayanagar, got Rs 85.03 lakh cash gifts from his sister’s husband, uncle and other relatives, he deposited this cash in his bank account. After this he got an unexplained deposit tax notice. He wins case in ITAT Chennai; Know how.

Read the full story on Economic Times Opens economictimes.indiatimes.com in a new tab
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