https://www.taxtmi.com/caselaws?id=247114 The Tribunal upheld the CIT(A)'s decision that gifts from an HUF to its members are exempt from tax under Section 56 of the Income-tax Act, as HUF constitutes a group of relatives. The Revenue's appeal was dismissed, with the Tribunal finding no fault in the CIT(A)'s ruling. The order was issued on 3.3.2014. en-us Mon, 03 Mar 2014 00:00:00 +0530 Fri, 02 May 2014 06:28:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247114 The Tribunal upheld the CIT(A)'s decision that gifts from an HUF to its members are exempt from tax under Section 56 of the Income-tax Act, as HUF constitutes a group of relatives. The Revenue's appeal was dismissed, with the Tribunal finding no fault in the CIT(A)'s ruling. The order was issued on 3.3.2014. Case-Laws Income Tax Mon, 03 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247114