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Addition u/s.68 - gift - When however, large amounts are stated to have been gifted, that too by a person having no blood relation with the assessee, the question of genuineness of the gifts would require closer scrutiny - Tribunal has made superficial observations and mechanically accepted the genuineness of the gifts.

Income Tax
June 21, 2018

Addition u/s.68 - gift - When however, large amounts are stated to have been gifted, that too by a person having no blood relation with the assessee, the question of genuineness of the gifts would require closer scrutiny - Tribunal has made superficial observations and mechanically accepted the genuineness of the gifts.

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