https://www.taxtmi.com/caselaws?id=239754 The court upheld the validity of the proceedings under Section 147, the addition of Rs. 1,00,000 under Section 68 as unaccounted income, the inclusion of Rs. 2,000 as commission, and the consequential interest charges under Sections 234A and 234B. The court emphasized the assessee's failure to prove the genuineness of the gift and related transactions, leading to the affirmation of the Assessing Officer's actions. en-us Thu, 28 Feb 2013 00:00:00 +0530 Wed, 04 Jul 2018 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239754 The court upheld the validity of the proceedings under Section 147, the addition of Rs. 1,00,000 under Section 68 as unaccounted income, the inclusion of Rs. 2,000 as commission, and the consequential interest charges under Sections 234A and 234B. The court emphasized the assessee's failure to prove the genuineness of the gift and related transactions, leading to the affirmation of the Assessing Officer's actions. Case-Laws Income Tax Thu, 28 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239754