https://www.taxtmi.com/caselaws?id=62926 The ITAT upheld the AO's decision to treat the receipt of Rs. 25 lakhs as the assessee's income from undisclosed sources, dismissing the appeal due to insufficient evidence proving the genuineness of the gift. Additionally, the ITAT upheld the addition of Rs. 48,000 for personal expenses, as the assessee failed to provide adequate proof. The charge of interest under sections 234A, 234B, and 234C was also confirmed by the ITAT, resulting in the dismissal of the assessee's appeal and affirming the additions and interest charges imposed by the authorities. en-us Fri, 07 Aug 1998 00:00:00 +0530 Mon, 24 Jan 2011 16:56:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62926 The ITAT upheld the AO's decision to treat the receipt of Rs. 25 lakhs as the assessee's income from undisclosed sources, dismissing the appeal due to insufficient evidence proving the genuineness of the gift. Additionally, the ITAT upheld the addition of Rs. 48,000 for personal expenses, as the assessee failed to provide adequate proof. The charge of interest under sections 234A, 234B, and 234C was also confirmed by the ITAT, resulting in the dismissal of the assessee's appeal and affirming the additions and interest charges imposed by the authorities. Case-Laws Income Tax Fri, 07 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62926