No addition for Gupt Daan’ – unexplained cash found in Religious Trust Lockers

Vinod Kumar Bajaj Vs DCIT (ITAT Delhi)

Conclusion: ‘Gupt Daan’,a secret gift regarding unexplained cash in a Religious Trust locker was pertaining to RNB Temple Trust  and was already brought on record to the extent of Rs.1,79,00,000/- which was evident from the Balance Sheet submitted. Accordingly, there was no evidence brought on record to show that this cash belonged to the members of Bajaj Family except applying presumption.

Held: In the instant case, lockers kept in the name of Vikram Kumar Bajaj and asses

Please become a Premium member. If you are already a Premium member, login here to access the full content.