https://www.taxtmi.com/article/detailed?id=10824 The article contends that the Tribunal's reliance on the preponderance of probabilities to treat foreign gifts as unexplained cash credits was flawed where documentary records, banking channels and donor circumstances supported the genuineness of transfers; the High Court fairly reappraised those facts under principles of the Indian Evidence Act and relevant precedent, and the author urges reconsideration of the reported Supreme Court treatment that consolidated multiple assessees under one name. en-us Tue, 22 Nov 2022 09:05:28 +0530 Tue, 22 Nov 2022 09:05:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10824 The article contends that the Tribunal's reliance on the preponderance of probabilities to treat foreign gifts as unexplained cash credits was flawed where documentary records, banking channels and donor circumstances supported the genuineness of transfers; the High Court fairly reappraised those facts under principles of the Indian Evidence Act and relevant precedent, and the author urges reconsideration of the reported Supreme Court treatment that consolidated multiple assessees under one name. Articles Income Tax Tue, 22 Nov 2022 09:05:28 +0530 https://www.taxtmi.com/article/detailed?id=10824