https://www.taxtmi.com/caselaws?id=187829 The High Court upheld the findings of the Income Tax Authorities and the Tribunal, concluding that the gifts declared by the appellants were not genuine. The court found that the appellants had introduced their own funds disguised as gifts, based on inconsistencies in the transactions, lack of financial capacity of the donors, and failure to produce donors for cross-examination. The appeals were dismissed as no substantial question of law arose for consideration. en-us Thu, 26 Apr 2012 00:00:00 +0530 Thu, 29 Dec 2016 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187829 The High Court upheld the findings of the Income Tax Authorities and the Tribunal, concluding that the gifts declared by the appellants were not genuine. The court found that the appellants had introduced their own funds disguised as gifts, based on inconsistencies in the transactions, lack of financial capacity of the donors, and failure to produce donors for cross-examination. The appeals were dismissed as no substantial question of law arose for consideration. Case-Laws Income Tax Thu, 26 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187829