https://www.taxtmi.com/highlights?id=71397 Unexplained cash credit - Gifts receipts from Mother - it would not be correct to conclude that the gift deed was an afterthought since the aforesaid transfers were made on dates much prior to the date when the search was carried out at the premises of the assessee and notice under section 153A of the Act was issued to the assessee. We observe that the gifted deed was on a stamp paper and the same was also duly supported by way of bank transfers. - AT en-us Wed, 09 Aug 2023 11:16:04 +0530 Wed, 09 Aug 2023 11:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71397 Unexplained cash credit - Gifts receipts from Mother - it would not be correct to conclude that the gift deed was an afterthought since the aforesaid transfers were made on dates much prior to the date when the search was carried out at the premises of the assessee and notice under section 153A of the Act was issued to the assessee. We observe that the gifted deed was on a stamp paper and the same was also duly supported by way of bank transfers. - AT Highlights Income Tax Wed, 09 Aug 2023 11:16:04 +0530 https://www.taxtmi.com/highlights?id=71397