https://www.taxtmi.com/caselaws?id=279071 The Tribunal allowed all four appeals filed by the assessees, directing the deletion of additions made under sections 2(22)(a), 115-O, and 56(2)(vii) and dismissing the allegation of transactions being a colourable device. The Tribunal recognized the transfer agreements as "gift agreements," making the transactions exempt under section 47(iii). en-us Fri, 09 Sep 2016 00:00:00 +0530 Sat, 02 Mar 2019 13:31:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279071 The Tribunal allowed all four appeals filed by the assessees, directing the deletion of additions made under sections 2(22)(a), 115-O, and 56(2)(vii) and dismissing the allegation of transactions being a colourable device. The Tribunal recognized the transfer agreements as "gift agreements," making the transactions exempt under section 47(iii). Case-Laws Income Tax Fri, 09 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279071