https://www.taxtmi.com/caselaws?id=349860 The ITAT found that further inquiries were necessary to determine if the property was genuinely received as a gift and if no consideration was paid. The matter was restored to the A.O. for fresh decision-making, considering the observations and evidence provided. The appeal was allowed for statistical purposes only. en-us Fri, 13 Oct 2017 00:00:00 +0530 Thu, 26 Oct 2017 08:38:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349860 The ITAT found that further inquiries were necessary to determine if the property was genuinely received as a gift and if no consideration was paid. The matter was restored to the A.O. for fresh decision-making, considering the observations and evidence provided. The appeal was allowed for statistical purposes only. Case-Laws Income Tax Fri, 13 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349860