https://www.taxtmi.com/caselaws?id=235946 The High Court upheld the decision of the lower authorities in a tax appeal case. Regarding the first issue of an unexplained gift under Section 68 of the Income Tax Act, the Court agreed that the gift from the brother was genuine, and the necessary details were provided to establish its authenticity. On the second issue of disallowance of freight charges under Section 40(a)(ia), the Court affirmed that the Assessing Officer failed to prove the applicability of the section as the tax deduction requirements were not met. The Court dismissed the tax appeal, confirming the deletion of the freight charges disallowance. en-us Mon, 25 Mar 2013 00:00:00 +0530 Fri, 09 Aug 2013 07:41:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235946 The High Court upheld the decision of the lower authorities in a tax appeal case. Regarding the first issue of an unexplained gift under Section 68 of the Income Tax Act, the Court agreed that the gift from the brother was genuine, and the necessary details were provided to establish its authenticity. On the second issue of disallowance of freight charges under Section 40(a)(ia), the Court affirmed that the Assessing Officer failed to prove the applicability of the section as the tax deduction requirements were not met. The Court dismissed the tax appeal, confirming the deletion of the freight charges disallowance. Case-Laws Income Tax Mon, 25 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235946