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2012 (8) TMI 370 - AT - Income TaxAddition u/s 68 - gift received from unrelated party - revenue contending the same to be accommodation entry - addition of commission alleged to have been paid by the assessee for procuring the gift - Held that:- It was held in case of Rajiv Tondon vs. ACIT (2007 (7) TMI 40 - HIGH COURT , DELHI) that in a case where donor had absolutely no connection with the assessee and has made gifts to the assessee only because he needed money to buy a house and they wanted to help him. It was not only quite unusual but also quite unnatural. In present case, there is no relationship of the donor with the assessee. There is also no occasion for this gift. The taxing authorities have rightly looked into the surrounding circumstances and drawn the conclusion that gift in this case was not genuine. Addition confirmed - Decided against assessee
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