https://www.taxtmi.com/caselaws?id=335021 The Tribunal found that the assessee sufficiently proved the genuineness and capacity of the donor for most gifts, directing the AO to delete additions for 2009-10 and 2010-11, and a significant portion for 2011-12. The Tribunal emphasized that gifts between relatives can be given out of love and affection without a specific occasion. The Revenue's appeal was dismissed, and the Tribunal ordered further verification for a remaining disputed amount of Rs. 21,16,611. The stay petitions by the assessee were deemed infructuous. en-us Fri, 12 Aug 2016 00:00:00 +0530 Fri, 25 Nov 2016 09:45:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335021 The Tribunal found that the assessee sufficiently proved the genuineness and capacity of the donor for most gifts, directing the AO to delete additions for 2009-10 and 2010-11, and a significant portion for 2011-12. The Tribunal emphasized that gifts between relatives can be given out of love and affection without a specific occasion. The Revenue's appeal was dismissed, and the Tribunal ordered further verification for a remaining disputed amount of Rs. 21,16,611. The stay petitions by the assessee were deemed infructuous. Case-Laws Income Tax Fri, 12 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335021