https://www.taxtmi.com/caselaws?id=176454 The appeal was partly allowed, with significant deletions of additions made by the AO and CIT(A), establishing the genuineness of the gift and the validity of the appellant's books of accounts and commission payments. The Tribunal concluded that the additions were based on assumptions without concrete evidence and were ad hoc and not sustainable, leading to the deletion of substantial amounts from the assessment. en-us Fri, 08 Aug 2008 00:00:00 +0530 Wed, 23 Dec 2015 13:01:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176454 The appeal was partly allowed, with significant deletions of additions made by the AO and CIT(A), establishing the genuineness of the gift and the validity of the appellant's books of accounts and commission payments. The Tribunal concluded that the additions were based on assumptions without concrete evidence and were ad hoc and not sustainable, leading to the deletion of substantial amounts from the assessment. Case-Laws Income Tax Fri, 08 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176454