https://www.taxtmi.com/caselaws?id=261442 The Appellate Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 17 lacs made by the Assessing Officer under Section 68 of the Income-tax Act. The Tribunal found that the assessee had adequately proven the genuineness of the gifts received from various donors, including Non-Resident Indians and an Indian resident. The Tribunal accepted the explanations and evidence provided by the assessee, ruling that the gifts were legitimate. As a result, the appeal was dismissed on 18.3.2015. en-us Wed, 18 Mar 2015 00:00:00 +0530 Mon, 13 Jul 2015 06:26:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261442 The Appellate Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 17 lacs made by the Assessing Officer under Section 68 of the Income-tax Act. The Tribunal found that the assessee had adequately proven the genuineness of the gifts received from various donors, including Non-Resident Indians and an Indian resident. The Tribunal accepted the explanations and evidence provided by the assessee, ruling that the gifts were legitimate. As a result, the appeal was dismissed on 18.3.2015. Case-Laws Income Tax Wed, 18 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261442