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2013 (11) TMI 121 - AT - Income TaxUnexplained cash credit u/s 68 – Held that:- Following Rajeev Tandon v. Asst. CIT [2007 (7) TMI 40 - HIGH COURT , DELHI] – The donor had absolutely no connection with the assessee and they made gifts to the assessee only because he needed money to buy a house and he wanted to help him - this was not only quite unusual but also quite unnatural - It was incredible that a complete stranger would want to gift lakhs of rupees to a person only because that person wanted the amount for purchasing a house - the gifts could not be said to be genuine – Decided against the assesse.
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