https://www.taxtmi.com/caselaws?id=238632 The High Court dismissed the department's appeal, upholding the Tribunal's decision in favor of the assessee on both substantial questions of law. The judgment emphasizes the importance of substantiated evidence in tax assessments and recognizes family settlements as valid transactions, particularly in resolving intra-family disputes. en-us Fri, 25 Oct 2013 00:00:00 +0530 Mon, 28 Oct 2013 08:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238632 The High Court dismissed the department's appeal, upholding the Tribunal's decision in favor of the assessee on both substantial questions of law. The judgment emphasizes the importance of substantiated evidence in tax assessments and recognizes family settlements as valid transactions, particularly in resolving intra-family disputes. Case-Laws Income Tax Fri, 25 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238632