Assessee receive a gift from his uncle in cash of Rs. 375000/- in cash , Uncle is agricultarist having sufficient agriculture land in his name , there is no gift deed , Uncle died befor Scrunity and uncle did not filled the return .AO
Disallowed the gift , assessee want to appeal, wether affidavite from aunty and his children (major) is sufficient as a proof of gift or suggest me which document is sufficient? is there any case law?
Gift of Rs. 375,000 from Uncle Disallowed; Appeal Seeks Proof via Affidavits and Corroborative Evidence An individual received a cash gift of Rs. 375,000 from their uncle, an agriculturist, without a gift deed. The uncle passed away before scrutiny, and the gift was disallowed by the Assessing Officer (AO). The individual seeks to appeal and inquires if affidavits from the uncle's wife and children would suffice as proof. One response suggests examining the full circumstances, including the timing of the gift and the uncle's death, and obtaining corroborative evidence such as book entries and declarations. Another response recommends providing evidence of the cash source and an affidavit from the uncle's wife to support the appeal. (AI Summary)
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