https://www.taxtmi.com/caselaws?id=57918 The Tribunal upheld the AAC's decision to delete disputed amounts claimed as voluntary gifts by the assessee, ruling that they were not taxable income. The Tribunal found the gifts were personal in nature, expressing esteem and veneration for the assessee, and not payments for services. Emphasizing the absence of a direct link between the gifts and services rendered, the Tribunal concluded that the receipts were not taxable under the Income Tax Act, supporting the AAC's decision. The appeals were dismissed, affirming that the amounts were personal gifts and not income subject to taxation. en-us Fri, 30 Mar 1984 00:00:00 +0530 Wed, 15 Dec 2010 13:35:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57918 The Tribunal upheld the AAC's decision to delete disputed amounts claimed as voluntary gifts by the assessee, ruling that they were not taxable income. The Tribunal found the gifts were personal in nature, expressing esteem and veneration for the assessee, and not payments for services. Emphasizing the absence of a direct link between the gifts and services rendered, the Tribunal concluded that the receipts were not taxable under the Income Tax Act, supporting the AAC's decision. The appeals were dismissed, affirming that the amounts were personal gifts and not income subject to taxation. Case-Laws Income Tax Fri, 30 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57918