https://www.taxtmi.com/caselaws?id=116643 The Tribunal allowed the appeal, overturning the addition under section 68 of the I.T. Act concerning disputed gifts received by the assessee. Despite the Assessing Officer's inability to verify the donors' existence, the Tribunal accepted the evidence provided by the assessee, including income tax returns, gift deeds, and affidavits establishing the donors' identities. Consequently, the Tribunal directed the deletion of the Rs. 93,000 addition, resulting in a favorable outcome for the assessee. en-us Wed, 16 Jun 2004 00:00:00 +0530 Wed, 01 Aug 2012 00:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116643 The Tribunal allowed the appeal, overturning the addition under section 68 of the I.T. Act concerning disputed gifts received by the assessee. Despite the Assessing Officer's inability to verify the donors' existence, the Tribunal accepted the evidence provided by the assessee, including income tax returns, gift deeds, and affidavits establishing the donors' identities. Consequently, the Tribunal directed the deletion of the Rs. 93,000 addition, resulting in a favorable outcome for the assessee. Case-Laws Income Tax Wed, 16 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116643