https://www.taxtmi.com/caselaws?id=117887 The Tribunal upheld the re-opening of the assessment, addition of Rs. 1,15,000 to declared income as unexplained gift, validity of notice under section 148, and found the gift not satisfactorily explained. The Tribunal emphasized the sufficiency of material for re-opening assessment and the need for substantive evidence to prove the genuineness of gifts. The donor's denial and surrounding circumstances led to the dismissal of the appeal, with the Tribunal holding that the assessee failed to discharge the burden of proof regarding the gift's genuineness. en-us Wed, 22 Sep 2004 00:00:00 +0530 Wed, 27 Jun 2012 12:07:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117887 The Tribunal upheld the re-opening of the assessment, addition of Rs. 1,15,000 to declared income as unexplained gift, validity of notice under section 148, and found the gift not satisfactorily explained. The Tribunal emphasized the sufficiency of material for re-opening assessment and the need for substantive evidence to prove the genuineness of gifts. The donor's denial and surrounding circumstances led to the dismissal of the appeal, with the Tribunal holding that the assessee failed to discharge the burden of proof regarding the gift's genuineness. Case-Laws Income Tax Wed, 22 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117887