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2023 (2) TMI 24 - AT - Income TaxUnexplained cash credit - Unexplained gifts received from a person covered by the definition of “relative” under Explanation (e) to section 56(2) - assessee has not filed return of income or bank statement of the donor, in the absence of which the genuineness and capacity, i.e., creditworthiness of the donor is not proved - HELD THAT:- As assessee has received gift from Smt Bhanuben B. Patel and Smt Champaben Sojitra by submitting the bank statements, gift deed and other evidences in support of the receipts of the above said gifts which is placed in Paper Book. As relying on Ushaben H. Ghadia case [2022 (3) TMI 1487 - ITAT MUMBAI] we are inclined to direct the Assessing Officer delete the additions made in this case. Accordingly, ground raised by the assessee is allowed.
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