https://www.taxtmi.com/caselaws?id=340967 Where gifts from close relatives were supported by passports, confirmations, NRE bank accounts and bank certificates, the assessee discharged the burden under section 68 by proving donor identity, capacity and genuineness of the transactions. The donors' relationship was corroborated, the account balances were sufficient, and the Revenue produced no tangible material to show that the credits represented the assessee's income. A demand for donor returns or foreign bank statements would have required proof of the source of source, which was not required on these facts. The addition as unexplained cash credits was therefore not sustainable and was deleted. en-us Wed, 22 Feb 2017 00:00:00 +0530 Thu, 30 Mar 2017 07:01:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340967 Where gifts from close relatives were supported by passports, confirmations, NRE bank accounts and bank certificates, the assessee discharged the burden under section 68 by proving donor identity, capacity and genuineness of the transactions. The donors' relationship was corroborated, the account balances were sufficient, and the Revenue produced no tangible material to show that the credits represented the assessee's income. A demand for donor returns or foreign bank statements would have required proof of the source of source, which was not required on these facts. The addition as unexplained cash credits was therefore not sustainable and was deleted. Case-Laws Income Tax Wed, 22 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340967