https://www.taxtmi.com/caselaws?id=178909 The Income-tax Appellate Tribunal upheld the addition of a gift received by the appellant's daughter as a taxable cash credit, dismissing the appellant's challenge. The Tribunal found the gift to be bogus based on the lack of relationship between the donor and donee, incongruity of the gift amount with the donor's income, and absence of a specific occasion for the gift. The Tribunal deemed the appellant's claims unsubstantiated, leading to the dismissal of the appeal regarding both the gift received by the daughter and the gift from a Non-Resident friend for the daughter's marriage. en-us Fri, 07 Sep 2007 00:00:00 +0530 Tue, 16 Feb 2016 10:35:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178909 The Income-tax Appellate Tribunal upheld the addition of a gift received by the appellant's daughter as a taxable cash credit, dismissing the appellant's challenge. The Tribunal found the gift to be bogus based on the lack of relationship between the donor and donee, incongruity of the gift amount with the donor's income, and absence of a specific occasion for the gift. The Tribunal deemed the appellant's claims unsubstantiated, leading to the dismissal of the appeal regarding both the gift received by the daughter and the gift from a Non-Resident friend for the daughter's marriage. Case-Laws Income Tax Fri, 07 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178909