https://www.taxtmi.com/caselaws?id=276090 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 98,56,827/- related to the gift of IMDs, finding the gift genuine and not falling under Section 56(2)(v) of the Act. The Tribunal dismissed the Revenue's appeal, noting the lack of evidence disputing the genuineness of the gift and the absence of additions under Section 68 by the AO. en-us Wed, 18 Apr 2012 00:00:00 +0530 Mon, 29 Oct 2018 10:42:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276090 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 98,56,827/- related to the gift of IMDs, finding the gift genuine and not falling under Section 56(2)(v) of the Act. The Tribunal dismissed the Revenue's appeal, noting the lack of evidence disputing the genuineness of the gift and the absence of additions under Section 68 by the AO. Case-Laws Income Tax Wed, 18 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276090