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Mere receipt of money through banking channels not sufficient to prove genuineness of its receipt as a gift
Case Law Details
- Case Name
- Dinesh Babulal Thakkar Vs. ACIT (ITAT Ahemdabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All ITAT, ITAT Ahmedabad
CASE LAWS DETAILS
DECIDED BY: ITAT, `C’ BENCH , AHMEDABAD,
IN THE CASE OF: Dinesh Babulal Thakkar Vs. ACIT, APPEAL NO: ITA Nos. 4434 & 4435/Ahd/2006, DECIDED ON March 31, 2010
RELEVANT PARAGRAPH
15. We have heard the rival submissions and perused the material on record. In our considered view there is no case to interfere in the order of the Ld. CIT(A). Reasons are that it is not proved that Biral M. Patel was known to the assessee. No evidence in support of any acquaintance or love or affection with the assessee has been filed. There are no reasons or occasion for giving gift, exce...
now that the section has been amended,this may not be of significant consequent in future. But for the cases pending this appears to be a fair view