https://www.taxtmi.com/caselaws?id=387420 The Tribunal ruled in favor of the assessee, holding that the gift received from the brother was genuine and properly documented through banking channels. The Tribunal emphasized that the burden of proof had been met by the assessee and criticized the Assessing Officer for not conducting a detailed inquiry to refute the genuineness of the gift. The Tribunal referred to a previous decision supporting the genuineness of gifts received by the assessee from the same donor in earlier years. The Tribunal allowed the appeal, canceling the ld. CIT(A)'s order. en-us Fri, 06 Sep 2019 00:00:00 +0530 Wed, 23 Oct 2019 08:43:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387420 The Tribunal ruled in favor of the assessee, holding that the gift received from the brother was genuine and properly documented through banking channels. The Tribunal emphasized that the burden of proof had been met by the assessee and criticized the Assessing Officer for not conducting a detailed inquiry to refute the genuineness of the gift. The Tribunal referred to a previous decision supporting the genuineness of gifts received by the assessee from the same donor in earlier years. The Tribunal allowed the appeal, canceling the ld. CIT(A)'s order. Case-Laws Income Tax Fri, 06 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387420