https://www.taxtmi.com/caselaws?id=207695 Statutory immunity attached to gifted India Development Bonds protected the resident recipient from disclosure and enquiry as to the source and identity of the donor. The governing language, read with the CBDT circular and Government clarification, showed that tax authorities could not require the assessee to disclose the non-resident donor's identity or investigate the gift on that basis. The addition based on the source and genuineness of the gifted bonds was therefore not sustainable. en-us Tue, 26 Jul 2011 00:00:00 +0530 Sat, 15 Dec 2012 16:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207695 Statutory immunity attached to gifted India Development Bonds protected the resident recipient from disclosure and enquiry as to the source and identity of the donor. The governing language, read with the CBDT circular and Government clarification, showed that tax authorities could not require the assessee to disclose the non-resident donor's identity or investigate the gift on that basis. The addition based on the source and genuineness of the gifted bonds was therefore not sustainable. Case-Laws Income Tax Tue, 26 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207695