https://www.taxtmi.com/caselaws?id=788476 Section 68 was examined in relation to an alleged gift from a spouse treated as unexplained credit. The Tribunal noted that the assessee had filed a gift deed, PAN and acknowledgements, but contemporaneous bank statements, clear transfer entries and complete supporting records were either missing or produced only at the Tribunal stage. It also recorded inconsistencies between ledger entries, bank records and the donor's tax disclosures, and found that the assessing officer had not been given a fair opportunity to verify the evidence through enquiry. The matter was therefore remitted to the jurisdictional Assessing Officer for fresh adjudication after full factual verification and a reasonable opportunity of hearing. en-us Fri, 13 Mar 2026 00:00:00 +0530 Thu, 19 Mar 2026 17:47:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788476 Section 68 was examined in relation to an alleged gift from a spouse treated as unexplained credit. The Tribunal noted that the assessee had filed a gift deed, PAN and acknowledgements, but contemporaneous bank statements, clear transfer entries and complete supporting records were either missing or produced only at the Tribunal stage. It also recorded inconsistencies between ledger entries, bank records and the donor's tax disclosures, and found that the assessing officer had not been given a fair opportunity to verify the evidence through enquiry. The matter was therefore remitted to the jurisdictional Assessing Officer for fresh adjudication after full factual verification and a reasonable opportunity of hearing. Case-Laws Income Tax Fri, 13 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788476