Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2010 (3) TMI 873 - ITAT AHMEDABAD
Extract:
........ Following our reasoning given by us in assessment year 1999-2000, we hold that assessee was unable to discharge the onus which lay on him to prove that the gifts are genuine. Therefore, authorities below were justified in treating the sum of Rs. 12 lakhs as income of the assessee under section 68. As a result, appeal by the assessee is dismissed.