https://www.taxtmi.com/caselaws?id=240533 The Tax Case (Appeal) involved a dispute over a gift received by the assessee from his brother. Despite the donor being an assessee and the gift being allowed in the donor's assessment, the genuineness and credit worthiness of the gift were questioned. The assessee failed to provide adequate evidence, leading to the assessment under Section 68 of the Income Tax Act. The burden of proof regarding the gift's legitimacy was shifted to the assessee, resulting in the confirmation of the assessment by the Tribunal, which dismissed the appeal without identifying any significant legal issues for review. en-us Tue, 26 Nov 2013 00:00:00 +0530 Fri, 06 Dec 2013 07:47:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240533 The Tax Case (Appeal) involved a dispute over a gift received by the assessee from his brother. Despite the donor being an assessee and the gift being allowed in the donor's assessment, the genuineness and credit worthiness of the gift were questioned. The assessee failed to provide adequate evidence, leading to the assessment under Section 68 of the Income Tax Act. The burden of proof regarding the gift's legitimacy was shifted to the assessee, resulting in the confirmation of the assessment by the Tribunal, which dismissed the appeal without identifying any significant legal issues for review. Case-Laws Income Tax Tue, 26 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240533