https://www.taxtmi.com/caselaws?id=10326 The High Court allowed the appeal, deleting the addition of Rs. 1 lakh to the assessee's income. The Court found that the Tribunal erred in restoring the addition without proper justification, emphasizing the failure to follow procedural directions and the supporting evidence indicating the genuineness of the gift. The detailed reasons provided by the CIT(A) were deemed justified, highlighting the Assessing Officer's reliance on conjectures and surmises in treating the gift as not genuine. en-us Thu, 22 Jul 2004 00:00:00 +0530 Mon, 13 Jul 2009 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10326 The High Court allowed the appeal, deleting the addition of Rs. 1 lakh to the assessee's income. The Court found that the Tribunal erred in restoring the addition without proper justification, emphasizing the failure to follow procedural directions and the supporting evidence indicating the genuineness of the gift. The detailed reasons provided by the CIT(A) were deemed justified, highlighting the Assessing Officer's reliance on conjectures and surmises in treating the gift as not genuine. Case-Laws Income Tax Thu, 22 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10326