https://www.taxtmi.com/caselaws?id=430241 The Appellate Tribunal ruled in favor of the assessee, holding that the gift received, though transferred through the son and daughter-in-law, should be considered a constructive gift from the uncle, falling within the exception clause of section 56(2)(vii). The Tribunal found the uncle's confirmation, tax assessment in India, and relationship dynamics supported this interpretation. Consequently, the addition of the gift amount made by the Assessing Officer was deemed unjustified, leading to the deletion of the added amount from the assessee's income. en-us Wed, 19 Oct 2022 00:00:00 +0530 Tue, 15 Nov 2022 09:17:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430241 The Appellate Tribunal ruled in favor of the assessee, holding that the gift received, though transferred through the son and daughter-in-law, should be considered a constructive gift from the uncle, falling within the exception clause of section 56(2)(vii). The Tribunal found the uncle's confirmation, tax assessment in India, and relationship dynamics supported this interpretation. Consequently, the addition of the gift amount made by the Assessing Officer was deemed unjustified, leading to the deletion of the added amount from the assessee's income. Case-Laws Income Tax Wed, 19 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430241