https://www.taxtmi.com/caselaws?id=119232 The Tribunal dismissed the appeal, ruling that the amount received as a gift was not income within the meaning of section 28(iv) of the Act. The decision was based on the fact that the gift was not related to business activities and did not constitute a benefit or perquisite arising from such activities. The genuineness of the gift was acknowledged, and the addition was deemed unjustified under the specified section of the Act. en-us Fri, 28 Sep 2007 00:00:00 +0530 Mon, 09 Jul 2012 17:50:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119232 The Tribunal dismissed the appeal, ruling that the amount received as a gift was not income within the meaning of section 28(iv) of the Act. The decision was based on the fact that the gift was not related to business activities and did not constitute a benefit or perquisite arising from such activities. The genuineness of the gift was acknowledged, and the addition was deemed unjustified under the specified section of the Act. Case-Laws Income Tax Fri, 28 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119232