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2003 (11) TMI 28 - HC - Income TaxGenuineness of the gift - Assessing Officer noticed deposits in the assessee's bank account - though the assessee had admittedly produced the bank statements, the Assessing Officer did not raise any query with regard to the capacity of the donors to make the gift - From the assessment order, we find that the only ground on which the genuineness of the gifts has been doubted is the alleged failure on the part of the assessee to establish relationship between the donor and the donee. - In support of the gifts, copies of the gift deeds, affidavits of the donors, extracts from their bank accounts and bank certificate with reconfirmation letters were filed by the assessee - Both the lower appellate authorities have recorded a categorical finding that by producing the aforementioned documents, the assessee has discharged the onus which lay on him with regard to the genuineness of the gifts. – Revenue appeal dismissed
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