Addition based on sole foreign source, without confronting the assessee, is unsustainable

Mohan Thakur Vs ACIT (ITAT Mumbai)

Facts- As per the report, information was received from the Australian taxation office that the Assessee under consideration has transferred funds amounting to 12,97,122 AU (Australian Dollars) to many of his relatives through hawala system for the period of F.Y. 2007-08 to 2012-13. Shri. Shagun Thakur (son) has claimed before the Australian Taxation office, that the said amount was received by him from his father as gift to buy a property situated in Australia. In his statement recorded before the Aus

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