https://www.taxtmi.com/caselaws?id=794809 Donor confirmation and bank evidence can satisfactorily explain a gift for income-tax purposes, defeating an addition for unexplained investment under section 69. The ITAT found that the assessee proved the donor-mother's identity, the family relationship, and the availability of funds through bank statements showing a credit followed by withdrawal immediately before the gift. Because the Revenue produced no material to rebut that documentary evidence, the source of the gifted amount was treated as explained and the section 69 addition was deleted. en-us Wed, 08 Jul 2026 00:00:00 +0530 Sat, 11 Jul 2026 08:46:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794809 Donor confirmation and bank evidence can satisfactorily explain a gift for income-tax purposes, defeating an addition for unexplained investment under section 69. The ITAT found that the assessee proved the donor-mother's identity, the family relationship, and the availability of funds through bank statements showing a credit followed by withdrawal immediately before the gift. Because the Revenue produced no material to rebut that documentary evidence, the source of the gifted amount was treated as explained and the section 69 addition was deleted. Case-Laws Income Tax Wed, 08 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794809