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Income Tax - Highlights / Catch Notes

Home Highlights May 2015 Year 2015 This

Non-genuine gifts - additions u/s 68 - The Tribunal has, after ...


High Court Upholds ITAT Decision on Non-Genuine Gifts u/s 68; Revenue's Appeal Dismissed Due to Lack of Evidence Misinterpretation.

May 9, 2015

Case Laws     Income Tax     HC

Non-genuine gifts - additions u/s 68 - The Tribunal has, after appraising the affidavit and the statements, recorded a plausible finding - Revenue is unable to point out any misreading of evidence or perversity in the process of reasoning as would enable us to interfere with the findings of fact recorded by the ITAT - HC

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