No addition on account of unexplained gift if Assessee proves identity and creditworthiness of donors

HIGH COURT OF RAJASTHAN Commissioner of Income-tax, Jaipur-II versus Arun Kumar Kothari D.B. IT APPEAL NO. 80 OF 2010 SEPTEMBER 7, 2012 JUDGMENT Narendra Kumar Jain-I, J. Heard learned counsel for the parties. 2. The Revenue has preferred this Income Tax Appeal under Section 260-A of the Income Tax Act, 1961 challenging the order dated 30th September, 2009 of Income Tax Appellate Tribunal, Jaipur Bench ‘B’, Jaipur, whereby Tribunal, while, dismissing the appeal of the Revenue affirmed the order of Commissioner of Income Tax (Appeals) deleting the addition of Rs. 3...