https://www.taxtmi.com/caselaws?id=785440 Decision concerns unexplained cash credits treated as gifts from identified donors; tribunal noted donors had sufficient means and maintained accounting records, and the assessee discharged the onus by proving identity, genuineness and creditworthiness of donors, resulting in deletion of the addition. Reliance was placed on prior authorities. Gifts from relatives were held not taxable in recipients hands under the relevant taxation provision, and the revenues challenge was dismissed. The determination turned on corroboration of donor sources and satisfaction of the three-limb test for cash credits. en-us Tue, 20 Jan 2026 00:00:00 +0530 Fri, 23 Jan 2026 09:10:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785440 Decision concerns unexplained cash credits treated as gifts from identified donors; tribunal noted donors had sufficient means and maintained accounting records, and the assessee discharged the onus by proving identity, genuineness and creditworthiness of donors, resulting in deletion of the addition. Reliance was placed on prior authorities. Gifts from relatives were held not taxable in recipients hands under the relevant taxation provision, and the revenues challenge was dismissed. The determination turned on corroboration of donor sources and satisfaction of the three-limb test for cash credits. Case-Laws Income Tax Tue, 20 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785440