Gifts received from family members of self and from those of spouse’s family are not taxable. However, gifts given to the fiancee will be taxable
![K. Paramasivam v. The Karur Vysya Bank Limited and Others,Supreme Court of India [Civil Appeal No. 9286 of 2019]Dated 6th September,2022.](https://kanoonforall.com/wp-content/uploads/2022/11/Corporate-Insolvency-Process.jpg)
Gear Training and Research Foundation. v. CIT (E) ( 2021) 92 ITR 28 ( SN) (Jaipur) (Trib.) ITAT(JAIPUR BENCH) HELD THAT: Trust or institution- Object
