Case Law Details
Praveen Kumar Chauhan Vs ITO (ITAT Delhi)
Revenue submitted that the assessee failed to explain the source of cash deposits. The only contention of the assessee before the authorities below was that the amount was received as a gift from his father. He submitted that the assessee has merely filed an affidavit. However, creditworthiness of the donor could not be proved by the assessee by furnishing the requisite evidences. Therefore, the authorities below were justified in confirming the addition.
Explanation of the assessee regarding cash deposited in his bank account was stated to be a gift received from his father. An affidavit by the father of the assessee was also filed. However, the assessee could not prove the creditworthiness of the donor by furnishing the supporting evidences regarding creditworthiness of the donor. The assessee was required to prove the creditworthiness of the donor. In view of the same addition for cash Gift Received from Father justified.
FULL TEXT OF THE ORDER OF ITAT DELHI
The present appeal filed by the assessee for the assessment year 2010-11 is directed against the order of Ld. CIT(A), Ghaziabad dated 31.03.2019. The assessee has raised following grounds of appeal:-
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