https://www.taxtmi.com/caselaws?id=214641 The Appellate Tribunal upheld the CIT(A)'s decision to delete the addition under section 68 of the Income Tax Act for AY 2007-08. The appellant successfully proved the movement of funds from the NRI son to the sister and then to the appellant, meeting the burden of proof. The Tribunal emphasized the familial relationship between the donor and donee as significant in confirming the genuineness of the transaction, ultimately dismissing the Revenue's appeal due to the lack of infirmity in the CIT(A)'s order. en-us Fri, 22 Jun 2012 00:00:00 +0530 Mon, 09 Jul 2012 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214641 The Appellate Tribunal upheld the CIT(A)'s decision to delete the addition under section 68 of the Income Tax Act for AY 2007-08. The appellant successfully proved the movement of funds from the NRI son to the sister and then to the appellant, meeting the burden of proof. The Tribunal emphasized the familial relationship between the donor and donee as significant in confirming the genuineness of the transaction, ultimately dismissing the Revenue's appeal due to the lack of infirmity in the CIT(A)'s order. Case-Laws Income Tax Fri, 22 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214641