https://www.taxtmi.com/caselaws?id=376355 The Tribunal allowed the appeal filed by the assessee, deleting the addition of Rs. 8,68,000 made under section 68 of the Income-tax Act, as the assessee did not maintain books of account, and the donors provided explanations and confirmations regarding the sources of the gifts. The Tribunal concluded that the addition was not sustainable, overturning the decisions of the Assessing Officer and the Commissioner of Income-tax (Appeals). en-us Fri, 24 Aug 2018 00:00:00 +0530 Wed, 06 Mar 2019 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376355 The Tribunal allowed the appeal filed by the assessee, deleting the addition of Rs. 8,68,000 made under section 68 of the Income-tax Act, as the assessee did not maintain books of account, and the donors provided explanations and confirmations regarding the sources of the gifts. The Tribunal concluded that the addition was not sustainable, overturning the decisions of the Assessing Officer and the Commissioner of Income-tax (Appeals). Case-Laws Income Tax Fri, 24 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376355