Section 68: Assessee's Claim of Gifted Initial Finance from Father Deemed Reasonable; Genuineness and Creditworthiness Established. https://www.taxtmi.com/highlights?id=42623 Addition u/s 68 - it would be reasonable to believe the contention of the assessee of having received the initial finance from his father by way of a gift - Therefore, the genuineness of the transaction and also the creditworthiness of the father has been established. en-us Wed, 14 Nov 2018 14:15:39 +0530 Wed, 14 Nov 2018 14:15:39 +0530 TaxTMI RSS Generator Section 68: Assessee's Claim of Gifted Initial Finance from Father Deemed Reasonable; Genuineness and Creditworthiness Established. https://www.taxtmi.com/highlights?id=42623 Addition u/s 68 - it would be reasonable to believe the contention of the assessee of having received the initial finance from his father by way of a gift - Therefore, the genuineness of the transaction and also the creditworthiness of the father has been established. Highlights Income Tax Wed, 14 Nov 2018 14:15:39 +0530 https://www.taxtmi.com/highlights?id=42623