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2012 (8) TMI 496 - HC - Income TaxUndisclosed income - Search and seizure - addition u/s 68 made of difference in value of property purchased at Rs 71.35 lacs and seized document in the handwriting of the father of the assessee showing the property valued at Rs.80.00 lacs - Held that:- Document found during the search has been explained satisfactorily viz. that it is the resale value of the property and the figures were recorded only for the purpose of distribution of the property within the family. Gifts - addition - assessee furnished copies of the pass books, income tax details and PAN of the donors - Held that:- Respondent has sufficiently discharged the onus casts upon her to establish the source of gifts and credit worthiness of the donors. Genuineness of gift held by appellate authorities. Both the findings being pure findings of fact are not alleged to be perverse. Consequently no substantial question of law arises - Decided against Revenue
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