Foreign gift may be treated as undisclosed income on the basis of Confession before FERA Authorities

HIGH COURT OF BOMBAY Smt. Rajrani Gupta Versus Deputy Commissioner of Income-tax IT APPEAL NO. 38 OF 1999 SEPTEMBER 18, 2012 JUDGMENT M.S. Sanklecha, J. This appeal under Section 260A of the Income Tax Act, 1961 (‘the Act’) by the appellant-assessee challenging an order dated 25.02.1999 of the Income Tax Appellate Tribunal (‘the Tribunal’) relating to the assessment for the block period 01.04.1985 to 26.03.1996 was admitted on 06.12.1999. Along with this appeal, we also heard appeals by the other members of the appellants group i.e. Appeal No. 86 of 19...