https://www.taxtmi.com/caselaws?id=179269 The appeal by the assessee was partly allowed. The addition of Rs. 10 lakhs received by way of gifts was confirmed as non-genuine and treated as income from undisclosed sources. However, the addition of Rs. 7,250 towards household expenses was deleted. The Third Member, concurring with the Accountant Member, concluded that the gifts were not genuine due to the donors' low financial status, lack of relationship or occasion, and suspicious transaction patterns. en-us Tue, 01 Jun 2010 00:00:00 +0530 Wed, 24 Feb 2016 18:24:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179269 The appeal by the assessee was partly allowed. The addition of Rs. 10 lakhs received by way of gifts was confirmed as non-genuine and treated as income from undisclosed sources. However, the addition of Rs. 7,250 towards household expenses was deleted. The Third Member, concurring with the Accountant Member, concluded that the gifts were not genuine due to the donors' low financial status, lack of relationship or occasion, and suspicious transaction patterns. Case-Laws Income Tax Tue, 01 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179269