https://www.taxtmi.com/caselaws?id=236439 The Tribunal upheld the decision to treat gifts as income from undisclosed sources, citing lack of evidence on the donor's creditworthiness and genuineness of the transactions. Despite the assessee's arguments, the Tribunal found the addition justified based on inconsistencies and lack of proof. The appeal was dismissed, emphasizing the need to establish the legitimacy of gifts and donor's financial capacity. en-us Tue, 30 Apr 2013 00:00:00 +0530 Tue, 27 Aug 2013 07:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236439 The Tribunal upheld the decision to treat gifts as income from undisclosed sources, citing lack of evidence on the donor's creditworthiness and genuineness of the transactions. Despite the assessee's arguments, the Tribunal found the addition justified based on inconsistencies and lack of proof. The appeal was dismissed, emphasizing the need to establish the legitimacy of gifts and donor's financial capacity. Case-Laws Income Tax Tue, 30 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236439