https://www.taxtmi.com/caselaws?id=772102 ITAT Lucknow partly allowed the assessee's appeal regarding additions under section 68. For cash deposits claimed as company funds, the tribunal remanded the matter to AO for verification after noting the assessee provided company confirmation letter. For marriage gifts, while lower authorities rejected the claim as unsupported, ITAT acknowledged the common practice of receiving cash gifts at marriages. However, due to incomplete benefactor details provided by assessee, the tribunal restricted the addition to 50% of claimed gift amount, partially accepting the assessee's explanation. en-us Thu, 03 Apr 2025 00:00:00 +0530 Wed, 04 Jun 2025 08:40:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772102 ITAT Lucknow partly allowed the assessee's appeal regarding additions under section 68. For cash deposits claimed as company funds, the tribunal remanded the matter to AO for verification after noting the assessee provided company confirmation letter. For marriage gifts, while lower authorities rejected the claim as unsupported, ITAT acknowledged the common practice of receiving cash gifts at marriages. However, due to incomplete benefactor details provided by assessee, the tribunal restricted the addition to 50% of claimed gift amount, partially accepting the assessee's explanation. Case-Laws Income Tax Thu, 03 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772102