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2021 (5) TMI 552 - HC - Income TaxGift received from relatives - unexplained cash credit u/s 69- admission of additional facts - HELD THAT:- No substantial question of law arisen. The two revenue authorities and the Tribunal have concurrently come to the conclusion that the Assessee failed to substantiate the claim of having received by way of a gift from relatives. Neither before the Assessing Officer nor before the CIT(Appeals) the assessee produced any evidence whatsoever in support of his claim. Before the Tribunal an attempt was made to bring on record the so called gift deeds by way of an additional evidence. Tribunal found that the assessee had not made out grounds to permit to bring in such additional evidence on record. To bring additional evidence on record at the stage before the Tribunal, the concerned party would have to demonstrate the reasons why the same could not be done earlier. The Tribunal found no justification in this respect. Entire issue is thus based on facts. Decided against assessee.
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