https://www.taxtmi.com/caselaws?id=757225 ITAT Mumbai allowed the appeal, directing deletion of two additions made by AO. First, gift received from non-resident brother through three cheques was held non-taxable as assessee proved donor's identity, creditworthiness, genuineness, and relationship through bank statements from Bank of Baroda NRE account and ICICI Bank showing sufficient funds. Gift from relative is not chargeable to tax. Second, interest income of Rs. 40,500 was double-taxed as assessee had already disclosed it in return computation but AO added it again during processing. ITAT directed deletion of both additions, allowing both grounds of appeal. en-us Fri, 16 Aug 2024 00:00:00 +0530 Tue, 20 Aug 2024 08:26:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757225 ITAT Mumbai allowed the appeal, directing deletion of two additions made by AO. First, gift received from non-resident brother through three cheques was held non-taxable as assessee proved donor's identity, creditworthiness, genuineness, and relationship through bank statements from Bank of Baroda NRE account and ICICI Bank showing sufficient funds. Gift from relative is not chargeable to tax. Second, interest income of Rs. 40,500 was double-taxed as assessee had already disclosed it in return computation but AO added it again during processing. ITAT directed deletion of both additions, allowing both grounds of appeal. Case-Laws Income Tax Fri, 16 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757225