https://www.taxtmi.com/caselaws?id=205074 The Tribunal, in a split decision, confirmed the addition of Rs. 12 lakhs as the assessee's income from undisclosed sources. The Accountant Member upheld the decision, finding the gifts non-genuine due to donors' financial incapacity and lack of relationship with the assessee. The Vice President dissented but was overruled by the Third Member, who emphasized the assessee's failure to prove donors' capacity and gift genuineness. Relying on precedents, the Tribunal held the gifts as non-genuine, affirming the addition to the assessee's income. en-us Tue, 01 Jun 2010 00:00:00 +0530 Mon, 05 Sep 2011 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205074 The Tribunal, in a split decision, confirmed the addition of Rs. 12 lakhs as the assessee's income from undisclosed sources. The Accountant Member upheld the decision, finding the gifts non-genuine due to donors' financial incapacity and lack of relationship with the assessee. The Vice President dissented but was overruled by the Third Member, who emphasized the assessee's failure to prove donors' capacity and gift genuineness. Relying on precedents, the Tribunal held the gifts as non-genuine, affirming the addition to the assessee's income. Case-Laws Income Tax Tue, 01 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205074