Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2009 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2009 (11) TMI 665 - AT - Income TaxExtract: ....... account, it can be said that the financial capacity and genuineness of the gifts do not stand established in this case in a manner to shift the onus on to the revenue to prove that the gifts were bogus. Thus, it is held that the ld. CIT (Appeals) erred in deleting the addition in respect of these two gifts. 8. In the result, the appeal is allowed.
|