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2015 (12) TMI 621 - AT - Income TaxUnexplained cash credit u/s 68 - cash gift received by the assessee - Held that:- The assessee has not brought out any new facts or submissions on record, no documentary evidences have been referred in these written submissions, and no proper book has been filed before us to negate the findings of Ld CIT(A), and to substantiate the claim made by the assessee. No reasoning has been given in the written submissions to assail the detailed findings given by the Ld. CIT(A) against the genuineness of impugned gifts. It is noted, general and vague submissions have been made in these written submissions, but on the other hand, the AO has made detailed discussion and has given detailed findings and reasoning in the assessment order while making additions, which have been further elaborated by Ld. CIT(A) and he has given categorical findings to establish that the alleged gifts were not genuine. These findings remain uncontroverted, no interference is called for therein, and therefore these are confirmed. - Decided against assessee.
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