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2010 (8) TMI 753 - AT - Income Tax
Extract:
.......ads. In view of aforementioned facts and observations the gifts in question are to be considered under section 56(2)(v) including upto and above Rs. 25,000, as held by CIT(A), we uphold his order on the grounds raised in this behalf. 15. In consideration of foregoings, revenue appeals for assessment years 2004-05, 2005-06 and 2006-07 are dismissed.