https://www.taxtmi.com/caselaws?id=122677 In gift-related additions under section 68, donor identity and banking-channel transfers are relevant but not sufficient. The assessee must also prove the donor's financial capacity and the genuine nature of the gift on a holistic assessment of surrounding circumstances. Here, the donors' limited resources, lack of relationship or occasion, failure to produce them for examination, and the improbability of substantial gifts on the facts undermined genuineness under the test of human probabilities. The additions were therefore justified because the assessee did not discharge the burden of proving creditworthiness and genuineness. en-us Fri, 20 Nov 2009 00:00:00 +0530 Thu, 06 Jun 2013 09:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122677 In gift-related additions under section 68, donor identity and banking-channel transfers are relevant but not sufficient. The assessee must also prove the donor's financial capacity and the genuine nature of the gift on a holistic assessment of surrounding circumstances. Here, the donors' limited resources, lack of relationship or occasion, failure to produce them for examination, and the improbability of substantial gifts on the facts undermined genuineness under the test of human probabilities. The additions were therefore justified because the assessee did not discharge the burden of proving creditworthiness and genuineness. Case-Laws Income Tax Fri, 20 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122677