https://www.taxtmi.com/caselaws?id=62590 The Tribunal upheld the Assessing Officer's decision to treat purported gifts received by minor children as income from undisclosed sources, adding the amounts to the father's income under sections 68 and 69A of the Income-tax Act. The Tribunal found the evidence provided by the assessee insufficient to establish the genuineness of the gifts, emphasizing the improbability of the gifts and the donors' financial status. The revenue's appeals were allowed, restoring the additions made by the AO, as the assessee failed to discharge the onus of proving the gifts' genuineness. en-us Mon, 26 Jun 1995 00:00:00 +0530 Thu, 20 Jan 2011 16:04:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62590 The Tribunal upheld the Assessing Officer's decision to treat purported gifts received by minor children as income from undisclosed sources, adding the amounts to the father's income under sections 68 and 69A of the Income-tax Act. The Tribunal found the evidence provided by the assessee insufficient to establish the genuineness of the gifts, emphasizing the improbability of the gifts and the donors' financial status. The revenue's appeals were allowed, restoring the additions made by the AO, as the assessee failed to discharge the onus of proving the gifts' genuineness. Case-Laws Income Tax Mon, 26 Jun 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62590