No addition for Gift from abroad if Donor gives statement before AO regarding his capacity despite non production of any document

Brief of the Case Delhi High Court held In the case of CIT vs. Sudhir Budhraja that the findings of the Tribunal are based on sufficient material and cannot be stated to be perverse. On the other hand that the AO had no material or had not collected any evidence to reject the claim made by the Assessee. Apart from doubting and questioning the material produced by the Assessee, the AO had not produced any positive evidence which could lead to the inference that the amount received by the Assessee was not gift. High Court has has held that  Insofar as the failure on the part of the donor to pro...