Wedding Gifts Cannot Be Automatically Treated as 'Unexplained Income' Without Evidence: ITAT

The Income Tax Appellate Tribunal (ITAT), Ahmedabad “SMC” Bench, recently passed a significant judgment in I.T.A. No. 779/Ahd/2025 pertaining to Assessment Year 2011-12, in the case of Manubhai Dahyabhai Bhoi, a retired teacher and part-time contractor from Godhra. The appeal had a delay of 621 days, which the Tribunal condoned after the assessee explained that due to email miscommunication during Faceless Appeal Scheme, 2020, he did not receive notices or…