https://www.taxtmi.com/caselaws?id=397785 The court quashed the impugned orders and remitted the matters to the respective jurisdictional Assessing Officers. The Assessing Officers were directed to issue fresh hearing notices and exclude the Pongal cash gift from the computation. The petitioners were allowed to present evidence showing that the sums withdrawn did not represent income. If satisfied, the Assessing Officers should drop further action; otherwise, they may proceed in accordance with the law. The writ petitions were allowed with no costs, and connected miscellaneous petitions were closed. en-us Mon, 27 Jul 2020 00:00:00 +0530 Mon, 09 Nov 2020 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397785 The court quashed the impugned orders and remitted the matters to the respective jurisdictional Assessing Officers. The Assessing Officers were directed to issue fresh hearing notices and exclude the Pongal cash gift from the computation. The petitioners were allowed to present evidence showing that the sums withdrawn did not represent income. If satisfied, the Assessing Officers should drop further action; otherwise, they may proceed in accordance with the law. The writ petitions were allowed with no costs, and connected miscellaneous petitions were closed. Case-Laws Income Tax Mon, 27 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397785