https://www.taxtmi.com/caselaws?id=350441 The Appellate Tribunal ITAT Mumbai dismissed the appeal and upheld the addition of a cash gift as the appellant's income. The tribunal emphasized the failure to establish the genuineness of the transaction and the donor's creditworthiness. The ld. CIT(A)'s decision was affirmed, highlighting the importance of proving the donor's capacity to gift such a substantial amount. en-us Wed, 01 Nov 2017 00:00:00 +0530 Mon, 06 Nov 2017 08:49:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350441 The Appellate Tribunal ITAT Mumbai dismissed the appeal and upheld the addition of a cash gift as the appellant's income. The tribunal emphasized the failure to establish the genuineness of the transaction and the donor's creditworthiness. The ld. CIT(A)'s decision was affirmed, highlighting the importance of proving the donor's capacity to gift such a substantial amount. Case-Laws Income Tax Wed, 01 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350441