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2013 (7) TMI 659 - PUNJAB & HARYANA HIGH COURTUndisclosed income - Bogus or genuine gifts - Tribunal held that Assessing Officer has failed to discharge the burden of proving that the gift is not genuine - Held that:- It would be appropriate to point out that the donee addressed a letter to the Department, not only denying the gift but also stating that he did not open the account from which the gift was made to the private respondent - Decided n favour of the revenue. Case relied on by assessee; Commissioner of Income Tax, Karnal v. Puneet Chugh [2011 (2) TMI 532 - PUNJAB AND HARYANA HIGH COURT] not to be relied upon.
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