In case of foreign gift, Assessee to prove Credit worthiness of donor

SUPREME COURT OF INDIA Commissioner of Income-tax Versus P. R. Ganapathy CIVIL APPEAL NOS. 4653-4655 & 5528 OF 2007 SEPTEMBER 12, 2012 ORDER Civil Appeal Nos. 4653-4655 of 2007 1. Heard learned counsel on both sides. 2. These civil appeals filed by the Department concern Assessment Years 1994-1995 and 1995-1996. 3. P.R. Ganapathy, Respondent No. 1, claims to have received purported gift from two NRIs, viz., T. Chandra and Pushpa Rani in the sum of Singapore Dollars 2,14,000/- and 1,70,000/- respectively. Respondent No. 2 – T. Kannaki, received purported gift in the s...