https://www.taxtmi.com/caselaws?id=270735 The tribunal ruled in favor of the assessee, deleting the addition of Rs. 3.90 lacs as undisclosed income. Despite doubts raised by the Assessing Officer and ld CIT(A) regarding the genuineness of the gift transaction, the tribunal found sufficient documentary evidence and explanations provided by the assessee to support the authenticity of the gift, leading to the deletion of the addition under Section 68 of the Income Tax Act. en-us Wed, 21 Oct 2015 00:00:00 +0530 Thu, 14 Jan 2016 11:52:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270735 The tribunal ruled in favor of the assessee, deleting the addition of Rs. 3.90 lacs as undisclosed income. Despite doubts raised by the Assessing Officer and ld CIT(A) regarding the genuineness of the gift transaction, the tribunal found sufficient documentary evidence and explanations provided by the assessee to support the authenticity of the gift, leading to the deletion of the addition under Section 68 of the Income Tax Act. Case-Laws Income Tax Wed, 21 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270735