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2015 (10) TMI 2047 - AT - Income TaxAddition on account of unexplained gift - genuineness of the transaction - Held that:- The assessee has not brought on record the bank statement of the said donor or the concerned entity owned by the said donor. Copy of the affidavit cum gift deed of Mr. J. S. Pawar is available on page No. 15 of the paper book as per which he is residing at Kent U.K. and it is stated therein that in consideration of natural love and affection, he has gifted a sum of Pounds 7,000 to the assessee but in this affidavit cum gift deed also, it is nowhere stated that he is friend or relative of the assessee. This is also not stated in the affidavit cum gift deed that the money has been transferred from the bank account of the said donor. ++ In view of this position noted by learned CIT(A) that as per the details of the transfer of the money as submitted by the assessee, it is seen that it does not give the name of remitter who is alleged donor and in fact the document states that the ordering customer is Zahrat Al Khaleej Est of Dubai. Considering all these facts, we find that the assessee has not been able to establish the identity or creditworthiness of the said donor and he also could not establish the genuineness of the transaction in the facts of the present case. In fact, as per the details provided by the assessee himself, the ordering customer is not the alleged donor but a different person of Dubai. - Decided against assessee.
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