https://www.taxtmi.com/caselaws?id=68794 Gifts credited through NRE accounts are not treated as genuine merely because funds moved through banking channels; the assessee must prove the donor's identity, creditworthiness and the genuineness of the transaction. Where donors are not produced, confirmatory letters are defective, the link between the alleged donors and credited funds is not established, and the surrounding facts do not support natural love, affection or occasion for gifting, tax authorities may apply the test of human probabilities and disregard the apparent form of the transaction. The result is that such credits can be treated as unexplained income, with the additions sustained in favour of the Revenue. en-us Fri, 23 Jan 2009 00:00:00 +0530 Fri, 31 May 2013 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68794 Gifts credited through NRE accounts are not treated as genuine merely because funds moved through banking channels; the assessee must prove the donor's identity, creditworthiness and the genuineness of the transaction. Where donors are not produced, confirmatory letters are defective, the link between the alleged donors and credited funds is not established, and the surrounding facts do not support natural love, affection or occasion for gifting, tax authorities may apply the test of human probabilities and disregard the apparent form of the transaction. The result is that such credits can be treated as unexplained income, with the additions sustained in favour of the Revenue. Case-Laws Income Tax Fri, 23 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68794