Receipt through banking channel not sufficient to prove genuineness of a gift

RELEVANT PARAGRAPH

22. Applying the ratio of the judgment of Hon’ble Supreme Court and jurisdictional Delhi High Court and judgment of High Court of Punjab & Haryana in above referred cases to the present case before us, the position of law applicable to the present case, in our opinion, would be as under:-

(i) Mere identification of donor and showing movements of gift amount through banking channels is not sufficien

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