https://www.taxtmi.com/caselaws?id=34667 The High Court upheld the Tribunal's decision to delete the addition of Rs. 4,50,000 received as gifts, despite the lack of an established relationship between the donor and the assessee. The Court ruled that the gifts were genuine based on the evidence presented by the assessee, including gift deeds and donor affidavits, without the necessity of proving a blood relation. The judgment emphasized that gifts can be valid even from strangers and dismissed the Revenue's appeal, highlighting the absence of concrete evidence to support adding the gift amounts to the assessee's income. en-us Wed, 06 Feb 2008 00:00:00 +0530 Mon, 27 Jun 2016 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34667 The High Court upheld the Tribunal's decision to delete the addition of Rs. 4,50,000 received as gifts, despite the lack of an established relationship between the donor and the assessee. The Court ruled that the gifts were genuine based on the evidence presented by the assessee, including gift deeds and donor affidavits, without the necessity of proving a blood relation. The judgment emphasized that gifts can be valid even from strangers and dismissed the Revenue's appeal, highlighting the absence of concrete evidence to support adding the gift amounts to the assessee's income. Case-Laws Income Tax Wed, 06 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34667