https://www.taxtmi.com/caselaws?id=122114 The Tribunal dismissed the revenue's appeals for all three assessment years, upholding the CIT(A)'s decisions on quashing the assessment due to non-service of notice, accepting the genuineness of the gifts, and treating the gifts uniformly under section 56(2)(v) rather than splitting them into different heads of income. The Tribunal's decision was based on a thorough examination of the facts, evidence, and relevant case laws, ensuring that the gifts were correctly classified and taxed according to the legislative intent. en-us Fri, 27 Aug 2010 00:00:00 +0530 Wed, 08 Aug 2012 16:35:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122114 The Tribunal dismissed the revenue's appeals for all three assessment years, upholding the CIT(A)'s decisions on quashing the assessment due to non-service of notice, accepting the genuineness of the gifts, and treating the gifts uniformly under section 56(2)(v) rather than splitting them into different heads of income. The Tribunal's decision was based on a thorough examination of the facts, evidence, and relevant case laws, ensuring that the gifts were correctly classified and taxed according to the legislative intent. Case-Laws Income Tax Fri, 27 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122114