https://www.taxtmi.com/caselaws?id=349473 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the assessee, holding that the amount received from Anil Agarwal Discretionary Trust (AADT) was a capital receipt and not taxable. Additionally, the gift of shares received from M/s Volcan Investment Ltd was deemed valid and not taxable. The ITAT dismissed the revenue's appeal, affirming the decisions in favor of the assessee. en-us Thu, 05 Oct 2017 00:00:00 +0530 Sat, 14 Oct 2017 07:57:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349473 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the assessee, holding that the amount received from Anil Agarwal Discretionary Trust (AADT) was a capital receipt and not taxable. Additionally, the gift of shares received from M/s Volcan Investment Ltd was deemed valid and not taxable. The ITAT dismissed the revenue's appeal, affirming the decisions in favor of the assessee. Case-Laws Income Tax Thu, 05 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349473