https://www.taxtmi.com/caselaws?id=4349 The court upheld the validity of reopening the assessment under section 148 of the Income-tax Act, 1961, finding the reasons recorded by the competent authority sufficient. The court disbelieved the gifts claimed by the appellant due to lack of evidence on the relationship between the donor and donee, donor's capacity to gift, and occasion for the gifts. The Tribunal found it improbable that strangers made significant gifts when close relatives did not. The court dismissed the appeal as none of the raised issues constituted substantial legal questions warranting further consideration. en-us Mon, 26 Feb 2007 00:00:00 +0530 Sat, 26 Jul 2008 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4349 The court upheld the validity of reopening the assessment under section 148 of the Income-tax Act, 1961, finding the reasons recorded by the competent authority sufficient. The court disbelieved the gifts claimed by the appellant due to lack of evidence on the relationship between the donor and donee, donor's capacity to gift, and occasion for the gifts. The Tribunal found it improbable that strangers made significant gifts when close relatives did not. The court dismissed the appeal as none of the raised issues constituted substantial legal questions warranting further consideration. Case-Laws Income Tax Mon, 26 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4349