https://www.taxtmi.com/caselaws?id=122994 The appeals of the assessees were allowed, and the additions made by the Assessing Officer were deleted. The decision highlighted the requirement of maintaining books of account to invoke Section 68 and acknowledged the substantial evidence presented by the assessees to establish the genuineness of the gifts. en-us Thu, 07 Oct 2010 00:00:00 +0530 Thu, 14 Sep 2023 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122994 The appeals of the assessees were allowed, and the additions made by the Assessing Officer were deleted. The decision highlighted the requirement of maintaining books of account to invoke Section 68 and acknowledged the substantial evidence presented by the assessees to establish the genuineness of the gifts. Case-Laws Income Tax Thu, 07 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122994