https://www.taxtmi.com/caselaws?id=253918 The High Court remanded the case back to the Assessing Officer for a fresh assessment, emphasizing the need to consider both Section 56(2)(vii) and Section 64(2) provisions regarding cash gifts blended with the HUF account. The Court found that the lower authorities had not adequately addressed the appellant's legal plea, leading to prejudice. The judgment highlighted the importance of a thorough analysis and allowed the appeal without imposing costs. en-us Wed, 26 Nov 2014 00:00:00 +0530 Mon, 08 Dec 2014 06:31:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253918 The High Court remanded the case back to the Assessing Officer for a fresh assessment, emphasizing the need to consider both Section 56(2)(vii) and Section 64(2) provisions regarding cash gifts blended with the HUF account. The Court found that the lower authorities had not adequately addressed the appellant's legal plea, leading to prejudice. The judgment highlighted the importance of a thorough analysis and allowed the appeal without imposing costs. Case-Laws Income Tax Wed, 26 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253918