https://www.taxtmi.com/caselaws?id=121796 The Tribunal upheld the findings of the Assessing Officer (AO) and the Commissioner of Income Tax (Appeals) regarding the non-genuine nature of the gifts and loans received by the assessee, confirming the additions under Section 68. The disallowance of telephone and vehicle expenses was partially reduced. The appeal was partly allowed, providing limited relief to the assessee. en-us Fri, 07 Nov 2008 00:00:00 +0530 Mon, 06 Aug 2012 13:22:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121796 The Tribunal upheld the findings of the Assessing Officer (AO) and the Commissioner of Income Tax (Appeals) regarding the non-genuine nature of the gifts and loans received by the assessee, confirming the additions under Section 68. The disallowance of telephone and vehicle expenses was partially reduced. The appeal was partly allowed, providing limited relief to the assessee. Case-Laws Income Tax Fri, 07 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121796