https://www.taxtmi.com/caselaws?id=278398 The ITAT dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on the addition of unexplained cash credits as a genuine gift, relief granted on non-payment of TDS, and the restriction of foreign travel expenses. The CIT(A) established the genuineness of the gift through evidence of the donor's financial capacity and proper banking channels. The ITAT allowed the relief on TDS non-payment based on the deposit before the return filing date and restricted foreign travel expenses to account for unverifiable elements, considering the business necessity. en-us Fri, 08 May 2015 00:00:00 +0530 Thu, 31 Jan 2019 06:36:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278398 The ITAT dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on the addition of unexplained cash credits as a genuine gift, relief granted on non-payment of TDS, and the restriction of foreign travel expenses. The CIT(A) established the genuineness of the gift through evidence of the donor's financial capacity and proper banking channels. The ITAT allowed the relief on TDS non-payment based on the deposit before the return filing date and restricted foreign travel expenses to account for unverifiable elements, considering the business necessity. Case-Laws Income Tax Fri, 08 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278398