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2013 (1) TMI 573 - HC - Income TaxAddition u/s 68 - rejecting the gift received by appellant - reopening of assessment - Held that:- As specific information was received that the loans/credit entries given by Ganga Ram Agarwal Group of Companies who were indulging in giving bogus entries and therefore, the assessment has rightly been reopened as it is based on relevant materials and information. So far as the factum of gift is concerned perusing the gift deed even though the donor and donee belonged to the same religion, but the relationship has not been mentioned. It is not clear as to whether the donor was related to the donee or not. Further, notice u/s 133(6) was sent and no reply was filed. It was the obligation and duty of the appellant to give the address or to produce the donor because the appellant was claiming that she had received the amount of Rs. 5 lakhs as gift, which is not liable to tax. She having failed to discharge the burden, the authorities have rightly treated it as income - against assessee.
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