https://www.taxtmi.com/caselaws?id=407673 The High Court upheld the decision of the Income Tax Appellate Tribunal, dismissing the income tax appeal regarding the addition of a sum received as a gift in the balance sheet for the assessment year 2015-16. The Court found that the assessee failed to provide concrete evidence to substantiate the claim of receiving the gift, with no valid reasons for not submitting gift deeds earlier. As the issue was deemed fact-based with no substantial legal question, the appeal was dismissed, and pending applications were disposed of accordingly. en-us Tue, 05 Jan 2021 00:00:00 +0530 Tue, 18 May 2021 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407673 The High Court upheld the decision of the Income Tax Appellate Tribunal, dismissing the income tax appeal regarding the addition of a sum received as a gift in the balance sheet for the assessment year 2015-16. The Court found that the assessee failed to provide concrete evidence to substantiate the claim of receiving the gift, with no valid reasons for not submitting gift deeds earlier. As the issue was deemed fact-based with no substantial legal question, the appeal was dismissed, and pending applications were disposed of accordingly. Case-Laws Income Tax Tue, 05 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407673