https://www.taxtmi.com/caselaws?id=177078 The Tribunal allowed the appeal, canceling the levy of penalty on the gifts received. The Tribunal found the penalty unjustified due to the age and demise of the assessee and donor, along with the provided documents. Despite the lack of conclusive proof of gift genuineness, the Tribunal concluded that penalty was not warranted and cited relevant case laws in canceling the penalty levy. en-us Fri, 11 May 2012 00:00:00 +0530 Sat, 02 Jan 2016 13:02:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177078 The Tribunal allowed the appeal, canceling the levy of penalty on the gifts received. The Tribunal found the penalty unjustified due to the age and demise of the assessee and donor, along with the provided documents. Despite the lack of conclusive proof of gift genuineness, the Tribunal concluded that penalty was not warranted and cited relevant case laws in canceling the penalty levy. Case-Laws Income Tax Fri, 11 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177078