TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Delhi High Court rejects petition on Income-tax Act order cancellation, upholds Tribunal's decision.</h1> <h3>Commissioner Of Income-Tax, Delhi (Central II) Versus Mrs. Sunita Vachani</h3> The High Court of Delhi dismissed a petition seeking reference of a question of law regarding the cancellation of an order under section 263 of the ... Tribunal Issues involved: Interpretation of u/s 263 of the Income-tax Act, 1961 regarding genuineness of gifts not taxed by the Income-tax Officer.Summary:The High Court of Delhi dismissed a petition seeking reference of a question of law regarding the cancellation of an order u/s 263 of the Income-tax Act, 1961. The Commissioner of Income-tax had set aside the Income-tax Officer's order due to lack of inquiry into the genuineness of gifts from abroad not taxed. The Tribunal, after reviewing the donors' balance-sheets, upheld the Income-tax Officer's decision on the genuineness of the gifts and found no error in his approach. The Court held that the Tribunal's factual determination on the genuineness of the gifts was conclusive, emphasizing the need for tangible evidence to treat foreign gifts as income in India. The petition was dismissed as no question of law was found to arise from the facts on record.
TaxTMI 
TaxTMI 
