https://www.taxtmi.com/caselaws?id=351731 The High Court upheld the ITAT's decision to add Rs. 19,02,000 as gifts received by the appellant, dismissing the appeal. The court found the appellant failed to establish the creditworthiness of the donors and reasons behind the substantial gifts, leading to suspicions of the gifts' authenticity. Despite the CIT (Appeals) deleting the addition under Section 68, the ITAT partially allowed the department's appeal, resulting in the High Court declining to interfere with the decision. en-us Mon, 27 Nov 2017 00:00:00 +0530 Mon, 14 May 2018 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351731 The High Court upheld the ITAT's decision to add Rs. 19,02,000 as gifts received by the appellant, dismissing the appeal. The court found the appellant failed to establish the creditworthiness of the donors and reasons behind the substantial gifts, leading to suspicions of the gifts' authenticity. Despite the CIT (Appeals) deleting the addition under Section 68, the ITAT partially allowed the department's appeal, resulting in the High Court declining to interfere with the decision. Case-Laws Income Tax Mon, 27 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351731