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2015 (3) TMI 453 - PUNJAB & HARYANA HIGH COURTPenalty under Section 271(1)(c) - ingenuineness of the gift - Held that:- An appraisal of the facts reveals that the appellant claimed that one Sh. Sunil Kumar Garg had gifted ₹ 2 lacs but when called upon to prove the genuineness of the transaction or the identity of the donor, could not prove the genuineness of the transaction or even the identity of the donor. Even the address of the donor supplied by the appellant was found to be false. It is, therefore, apparent that the appellant made an intentional attempt to evade tax by setting up a false gift. The impugned orders passed after considering all relevant facts and recording satisfaction in terms of Section 271(1)(c) of the Act, do not call for interference and as no substantial question of law arises for adjudication, the appeals are dismissed. - Decided against assessee.
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