https://www.taxtmi.com/caselaws?id=11054 HC dismissed Revenue's appeal against an addition under section 68 relating to alleged gifts from NRIs. The court held the assessee bore the onus to prove donor identity and resources, and found the AO had not queried donors' capacity despite bank statements being on record. The assessee produced gift deeds, donors' affidavits, bank extracts, and bank certificates with reconfirmation letters; both lower authorities found this sufficient to discharge the onus as to genuineness. The addition was therefore not sustained. en-us Wed, 12 Nov 2003 00:00:00 +0530 Wed, 24 Sep 2025 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11054 HC dismissed Revenue's appeal against an addition under section 68 relating to alleged gifts from NRIs. The court held the assessee bore the onus to prove donor identity and resources, and found the AO had not queried donors' capacity despite bank statements being on record. The assessee produced gift deeds, donors' affidavits, bank extracts, and bank certificates with reconfirmation letters; both lower authorities found this sufficient to discharge the onus as to genuineness. The addition was therefore not sustained. Case-Laws Income Tax Wed, 12 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11054