https://www.taxtmi.com/caselaws?id=361449 The ITAT allowed the assessee's appeal, directing the deletion of the addition of Rs. 72,13,000 on account of gifts. The Revenue's appeal regarding the addition of Rs. 54,76,827 on account of unexplained stock of gold was dismissed, upholding the deletion. The judgment stressed the necessity of supporting additions with solid evidence and accurately understanding the facts presented in the case. en-us Tue, 29 May 2018 00:00:00 +0530 Wed, 06 Jun 2018 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361449 The ITAT allowed the assessee's appeal, directing the deletion of the addition of Rs. 72,13,000 on account of gifts. The Revenue's appeal regarding the addition of Rs. 54,76,827 on account of unexplained stock of gold was dismissed, upholding the deletion. The judgment stressed the necessity of supporting additions with solid evidence and accurately understanding the facts presented in the case. Case-Laws Income Tax Tue, 29 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361449