Gift – Addition justified if Assessee fails to prove financial capacity of Donor

IN THE ITAT JAIPUR BENCH ‘B’ Sudhir Awasthi versus Income Tax Officer, Ward – 5(2), Jaipur IT Appeal No. 889 (Jp.) of 2009 [Assessment year 2006-07] June 22, 2012 ORDER Sanjay Arora, Accountant Member – This is an Appeal by the Assessee directed against the order by the Commissioner of Income-tax (Appeals)-II, Jaipur (‘CIT (A)’ for short) dated 16-09-2009, dismissing the assessee’s appeal contesting its assessment u/s. 143(3) of the Income Tax Act, 1961 (‘the Act’ hereinafter) vide order dated 17-12-2008 for the assessment ...