https://www.taxtmi.com/caselaws?id=346863 The Tribunal held that the villa received as a gift was not taxable as it was a genuine unilateral gratuitous act and not linked to professional services. The Tribunal found no conclusive evidence of the assessee providing brand endorsement or advertisements for the donor. Additionally, the Tribunal accepted the valuation report reducing the property's value. As the gift was made before the relevant tax amendment, the villa was deemed non-taxable, resulting in the assessee's appeal being allowed and the revenue's appeal dismissed. en-us Fri, 18 Aug 2017 00:00:00 +0530 Thu, 24 Aug 2017 07:55:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346863 The Tribunal held that the villa received as a gift was not taxable as it was a genuine unilateral gratuitous act and not linked to professional services. The Tribunal found no conclusive evidence of the assessee providing brand endorsement or advertisements for the donor. Additionally, the Tribunal accepted the valuation report reducing the property's value. As the gift was made before the relevant tax amendment, the villa was deemed non-taxable, resulting in the assessee's appeal being allowed and the revenue's appeal dismissed. Case-Laws Income Tax Fri, 18 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346863