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2015 (2) TMI 591 - HC - Income TaxGenuineness of gift received from an NRE account - whether the assessee had discharged onus and proved genuineness of the gift? - Held that:- Referring to the facts of the present case, we find the order passed by the Tribunal is justified and correct. They were right in holding that the assessed has not been able to prove genuineness of the gift and also the factum that the transaction was out of love and affection, a sine qua non to establish a genuine gift. - Decided against assessee
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