Children Providing Financial Support to Parents out of Moral Responsibility is Common Practice: ITAT deletes Addition [Read Order]

Children Providing Financial Parents Moral Responsibility - Common Practice - ITAT - TAXSCAN

The Pune Branch of Income Tax Appellate Tribunal (ITAT) deleted the addition made by the Assessing Officer of ₹3,00,000 on the opinion that Children Providing Financial Support to Parents out of Moral Responsibility is Common Practice. The assessee Shergil Harjit, an individual filed return of income for A.Y. 2015-16 declared total income of Rs.4,52,490. The…

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