https://www.taxtmi.com/caselaws?id=779349 ITAT (Agra) allowed the appeal, deleting additions made under s.68 treating inter vivos gifts as unexplained cash credits. The tribunal held the donors were real sisters, identity and source were supported by gift declarations, confirmations and bank statements, and transactions were routed through banking channels. The AO's failure to examine donors did not justify disbelieving their creditworthiness. Consequently the gifts were treated as explained and not chargeable as unexplained income. en-us Tue, 30 Sep 2025 00:00:00 +0530 Sat, 04 Oct 2025 08:22:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779349 ITAT (Agra) allowed the appeal, deleting additions made under s.68 treating inter vivos gifts as unexplained cash credits. The tribunal held the donors were real sisters, identity and source were supported by gift declarations, confirmations and bank statements, and transactions were routed through banking channels. The AO's failure to examine donors did not justify disbelieving their creditworthiness. Consequently the gifts were treated as explained and not chargeable as unexplained income. Case-Laws Income Tax Tue, 30 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779349