https://www.taxtmi.com/caselaws?id=433458 The tribunal partially allowed the appeal, determining that the cash deposits from relatives were genuine gifts and not subject to doubt. The addition of Rs. 4,00,000 to the bank account was deemed unjustified, and the challenge to the validity of the notice under Section 148 was dismissed. The tribunal highlighted the emergency circumstances faced by the appellant, justifying the need for financial assistance from relatives, and affirmed the authenticity of the gifts received. en-us Fri, 16 Dec 2022 00:00:00 +0530 Tue, 31 Jan 2023 08:03:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433458 The tribunal partially allowed the appeal, determining that the cash deposits from relatives were genuine gifts and not subject to doubt. The addition of Rs. 4,00,000 to the bank account was deemed unjustified, and the challenge to the validity of the notice under Section 148 was dismissed. The tribunal highlighted the emergency circumstances faced by the appellant, justifying the need for financial assistance from relatives, and affirmed the authenticity of the gifts received. Case-Laws Income Tax Fri, 16 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433458