1984 (7) TMI 169 - AT - Income Tax

Summary

The Revenue appealed against the Appellate CED's order deleting the addition of deemed gifts made out of withdrawals after the deceased's death. The Revenue argued the withdrawals were gifts, but the Accountable Person's representative showed the withdrawals were for expenses, not gifts. The Appellate Tribunal upheld the Appellate CED's decision, stating the withdrawals were not gifts. The Departmental appeal was dismissed. (Case: 1984 (7) TMI 169 - ITAT JAIPUR)