https://www.taxtmi.com/caselaws?id=471865 Cash deposits claimed as gifts from parents and husband require credible evidence of each donor's financial capacity, not merely confirmation of the gifts. Although accumulated savings remained a possible source, the recorded incomes of the father and husband did not establish capacity for the full claimed gifts, and the mother's income-tax return was unavailable. The explanation was accepted only partly, restricting the unexplained-money addition to half of the deposits. en-us Fri, 11 Apr 2025 00:00:00 +0530 Tue, 22 Sep 2026 08:17:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471865 Cash deposits claimed as gifts from parents and husband require credible evidence of each donor's financial capacity, not merely confirmation of the gifts. Although accumulated savings remained a possible source, the recorded incomes of the father and husband did not establish capacity for the full claimed gifts, and the mother's income-tax return was unavailable. The explanation was accepted only partly, restricting the unexplained-money addition to half of the deposits. Case-Laws Income Tax Fri, 11 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471865