https://www.taxtmi.com/caselaws?id=64507 The court upheld the addition of gifts received from non-resident Indians under section 68, as the assessee failed to prove the identity, financial capacity, and genuineness of the gifts. It was clarified that section 68 applies to amounts received by any mode, including cheques or drafts. The burden of proof lies on the assessee to establish these aspects. Protective assessment was ordered pending final determination in a related case. The appeals were partly allowed, with certain issues remanded for reconsideration based on final decisions in connected cases. en-us Wed, 28 Jun 1995 00:00:00 +0530 Tue, 08 Feb 2011 12:21:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64507 The court upheld the addition of gifts received from non-resident Indians under section 68, as the assessee failed to prove the identity, financial capacity, and genuineness of the gifts. It was clarified that section 68 applies to amounts received by any mode, including cheques or drafts. The burden of proof lies on the assessee to establish these aspects. Protective assessment was ordered pending final determination in a related case. The appeals were partly allowed, with certain issues remanded for reconsideration based on final decisions in connected cases. Case-Laws Income Tax Wed, 28 Jun 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64507