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2011 (2) TMI 532 - HC - Income TaxDeleting the addition - Bogus or genuine gifts - the assessee was unable to show that there was either any occasion or any relationship or there existed any natural love and affection with the donor to have gifted the amount as claimed by the assessee - Further, the assessee was also required to substantiate that the donor had the means and the gift was genuine which he had failed to establish - As per the judgment of this Court in Jaspal Singh Versus Commissioner of Income-Tax. (2006 -TMI - 13288 - PUNJAB AND HARYANA High Court), the finding recorded by the Tribunal stands vitiated and cannot be sustained. Accordingly, the questions of law are answered in favour of the revenue and against the assessee.
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