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2011 (2) TMI 866 - HC - Income TaxDeleting the addition - Undisclosed income u/s 68 - genuine or bogus gifts - The assessee was required to establish that the donor had the means and the gift was genuine, for natural love and affection - The assessee failed to produce the donor as also his bank statement to prove that gift was actually given by the assessee. Financial capacity of the donor was also not established. The assessee, thus, failed to discharge onus which was on him - Reliance has been placed on judgment of this Court, Shri Jaspal Singh v. CIT (2006 -TMI - 13288 - PUNJAB AND HARYANA High Court), wherein in similar circumstances, NRI gift from a stranger was held to be bogus - Hence, the substantial questions of law are, thus, answered in favour of the Revenue and against the assessee.
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