https://www.taxtmi.com/caselaws?id=235761 The tribunal ruled in favor of the assessee, holding that the receipts from awards and gifts were not taxable as income under Section 56(2)(v) due to the applicability of CBDT Circular No.447. The enhancement of income by the CIT(A) was deleted due to the violation of principles of natural justice. en-us Fri, 26 Jul 2013 00:00:00 +0530 Mon, 30 Mar 2015 17:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235761 The tribunal ruled in favor of the assessee, holding that the receipts from awards and gifts were not taxable as income under Section 56(2)(v) due to the applicability of CBDT Circular No.447. The enhancement of income by the CIT(A) was deleted due to the violation of principles of natural justice. Case-Laws Income Tax Fri, 26 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235761