https://www.taxtmi.com/caselaws?id=10482 The court upheld the Tribunal's findings that the gift amount of Rs. 2,01,000 from a non-resident Indian was not genuine and should be treated as undisclosed income due to inconsistencies and suspicious circumstances. Additionally, the court confirmed the inclusion of Rs. 89,500 as the alleged difference in the value of a plot, based on the assessee's admission during a search operation and common practices in property transactions. The appeal was dismissed, and the additions made by the Assessing Officer were upheld. en-us Thu, 04 Nov 2004 00:00:00 +0530 Thu, 16 Jul 2009 13:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10482 The court upheld the Tribunal's findings that the gift amount of Rs. 2,01,000 from a non-resident Indian was not genuine and should be treated as undisclosed income due to inconsistencies and suspicious circumstances. Additionally, the court confirmed the inclusion of Rs. 89,500 as the alleged difference in the value of a plot, based on the assessee's admission during a search operation and common practices in property transactions. The appeal was dismissed, and the additions made by the Assessing Officer were upheld. Case-Laws Income Tax Thu, 04 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10482