TMI Blog2023 (1) TMI 1205X X X X Extracts X X X X X X X X Extracts X X X X ..... also the close relative i.e. the maternal uncle, maternal aunt as well as paternal uncle and paternal aunt and the said relation cannot be doubted by the Assessing Officer. The gift offered by this relatives are appears to be genuine and therefore, the CIT(A) was not right in confirming the addition of the extent of Rs. 4,00,000/-. Validity of notice - date of approval and date of issuance of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ell as law on the subject, the learned CIT(A) has erred in confirming the addition of cash deposit to the bank account amounting to Rs. 4,00,000/- u/s. Sec 69(A) of the Income Tax Act, 1961 on account of Disallowance of gift received from relatives. 2. On the facts and in circumstances of the case as well as law on the subject, the learned CIT(A) has erred in confirming re-opening assessment ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Assessing Officer made addition of Rs. 10,42,000/- and treated the same as unexplained money under Section 69A of the Act. 4. Being aggrieved by the assessment order the assessee filed appeal before the CIT(A). The CIT(A) partly allowed the appeal of the assessee. 5. The Ld. A.R. submitted that in pursuance of notice under Section 148 of the Act on 31.03.2017 for A.Y. 2010-11 for non-filin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... but has rejected, confirm the addition of Rs. 3,00,000/- in case of Rati Lal Parikh, Gauriben Parikh, Jagdish Bhai Valand and Sumatibhai Valand. The Ld. A.R. submitted that the cash receipt from these relatives are genuine gift as the assessee was proportionate for obtaining Visa at the particular juncture and therefore, the family of the assessee help the assessee to acquire the same fund. The L ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ncle, maternal aunt as well as paternal uncle and paternal aunt and the said relation cannot be doubted by the Assessing Officer. The gift offered by this relatives are appears to be genuine and therefore, the CIT(A) was not right in confirming the addition of the extent of Rs. 4,00,000/-. As regards, the legal ground of the assessee merely that date of approval is identical to the issuance of not ..... X X X X Extracts X X X X X X X X Extracts X X X X
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