https://www.taxtmi.com/caselaws?id=374615 A retrospective amendment to the definition of Assessing Officer in Section 2(7A) was applied to pending proceedings, so the jurisdictional objection to assessment by an Additional Commissioner failed and the assessment was upheld. The alleged gifts of Resurgent India Bonds were disbelieved because the assessee did not establish donor identity, relationship, or any credible basis for the transfers, and the credits were found inconsistent with ordinary human conduct. Once the gifts were held not genuine, the credited amount was treated as unexplained cash credit under Section 68, and the addition was sustained. en-us Tue, 29 Jan 2019 00:00:00 +0530 Tue, 05 Feb 2019 06:15:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374615 A retrospective amendment to the definition of Assessing Officer in Section 2(7A) was applied to pending proceedings, so the jurisdictional objection to assessment by an Additional Commissioner failed and the assessment was upheld. The alleged gifts of Resurgent India Bonds were disbelieved because the assessee did not establish donor identity, relationship, or any credible basis for the transfers, and the credits were found inconsistent with ordinary human conduct. Once the gifts were held not genuine, the credited amount was treated as unexplained cash credit under Section 68, and the addition was sustained. Case-Laws Income Tax Tue, 29 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374615