https://www.taxtmi.com/caselaws?id=428614 The High Court upheld the Tribunal's decision in a case involving the genuineness of NRI gifts totaling Rs.46,44,150. The appellant's arguments regarding the violation of natural justice principles and lack of opportunity for cross-examination were dismissed. The court found the gifts to be sham transactions based on unreliable evidence provided by the assessee. The burden of proof was emphasized, and the court ruled in favor of the Department, adding the amount as undisclosed income. The appeal was dismissed, and costs were not awarded. en-us Thu, 29 Sep 2022 00:00:00 +0530 Tue, 04 Oct 2022 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428614 The High Court upheld the Tribunal's decision in a case involving the genuineness of NRI gifts totaling Rs.46,44,150. The appellant's arguments regarding the violation of natural justice principles and lack of opportunity for cross-examination were dismissed. The court found the gifts to be sham transactions based on unreliable evidence provided by the assessee. The burden of proof was emphasized, and the court ruled in favor of the Department, adding the amount as undisclosed income. The appeal was dismissed, and costs were not awarded. Case-Laws Income Tax Thu, 29 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428614