https://www.taxtmi.com/caselaws?id=367355 The Tribunal upheld the decisions of the lower authorities in a case concerning jurisdiction of the Assessing Officer (AO) and addition of an unexplained gift. The AO's jurisdiction was not deemed exceeded as the relief granted by the ld. CIT (A) made the challenge irrelevant. Regarding the unexplained gift, the Tribunal affirmed the addition under section 68 due to the lack of evidence establishing the genuineness of the gift. Consequently, the appeal of the assessee was dismissed on both grounds. en-us Fri, 14 Sep 2018 00:00:00 +0530 Tue, 18 Sep 2018 19:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367355 The Tribunal upheld the decisions of the lower authorities in a case concerning jurisdiction of the Assessing Officer (AO) and addition of an unexplained gift. The AO's jurisdiction was not deemed exceeded as the relief granted by the ld. CIT (A) made the challenge irrelevant. Regarding the unexplained gift, the Tribunal affirmed the addition under section 68 due to the lack of evidence establishing the genuineness of the gift. Consequently, the appeal of the assessee was dismissed on both grounds. Case-Laws Income Tax Fri, 14 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367355