https://www.taxtmi.com/caselaws?id=243536 The ITAT partially allowed the appeal, directing further investigation into the gifts received by the assessee. The addition of the gift from the UK donor was confirmed due to lack of creditworthiness evidence, while the issue of the gift from the USA donor was remanded for further examination. The judgment stressed the importance of comprehensive documentation to support transactions and emphasized the burden of proof on the assessee in such matters. en-us Thu, 16 Dec 2010 00:00:00 +0530 Tue, 04 Feb 2014 09:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243536 The ITAT partially allowed the appeal, directing further investigation into the gifts received by the assessee. The addition of the gift from the UK donor was confirmed due to lack of creditworthiness evidence, while the issue of the gift from the USA donor was remanded for further examination. The judgment stressed the importance of comprehensive documentation to support transactions and emphasized the burden of proof on the assessee in such matters. Case-Laws Income Tax Thu, 16 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243536