TMI Blog2008 (2) TMI 417X X X X Extracts X X X X X X X X Extracts X X X X ..... e genuine, there should be any blood relationship, or any close relationship, between the donor and the donee. Instances are not rare, when even strangers make gifts, out of very many considerations, including arising out of love, affection and sentiments - when the assessee has produced the copies of the gift deeds and the affidavits of the donors, in the absence of anything to show, that the act ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion has been established from whom gifts have been received, whether the finding of the learned Tribunal is perverse ?" 3. We have gone through the orders of the Assessing Officer, the learned Commissioner, and the learned Tribunal. What we find is, that the Assessing Officer has assumed doubts against the donor, merely on the basis of his having deposited certain amounts in his accounts, soo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n two persons, blood relation is not required, and looking to the status of the donors, the amount gifted was very meagre. Then, it was found by the learned Commissioner, that the assessee has also furnished the copies of the gift deeds, and affidavits of the donors. In the opinion of the learned Commissioner, it is not a case, where the assessee had first given such amounts to the donors, and the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the gift deeds and the affidavits of the donors, in the absence of anything to show, that the act of the assessee in claiming gift, was an act by way of money laundering, simply because he happens to receive gifts, it cannot be said that, that is required to be added in his income. 6. Accordingly, the question as framed is answered against the Revenue, and in favour of the assessee. The appea ..... X X X X Extracts X X X X X X X X Extracts X X X X
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