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2012 (7) TMI 216 - AT - Income TaxAdditions made by AO u/s 68 - CIT(A) deleted the additions - Held that:- The donor was real sister of donee and she received the amount from her NRI son who was doing business in Hong Kong with a proper license of business and the assessee not only established identity, creditworthiness of the donor but also established her source of funds showing her genuine capacity to donate Rs. 10 lakh to the donee assessee - thus establishing genuineness of gift it cannot be treated to be from undisclosed sources u/s 68 - in favour of assessee.
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