2012 (9) TMI 482

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....dv. Ms. Anil Katiyar, Adv. for Mr. B.V. Balaram Das, Adv. For Respondent : Mr. Pratap Venugopal, Adv. Ms. Namrata Sood, Adv. Mr. Gaurav Nair, Adv. for M/s. K.J. John & Co., Advs. JUDGEMENT Civil Appeal Nos. 4653-4655 of 2007 Heard learned counsel on both sides. These civil appeals filed by the Department concern Assessment Years 1994-1995 and 1995-1996. P.R. Ganapathy, Respondent....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Act, 1961. The burden is on the assessees to show that the amount received by purported gift(s) from the two donors was a "gift" in the legal sense. Assessees have not led evidence to show whether the alleged donors had adequate funds in their respective accounts to make these purported gift(s) in Singapore Dollars, which is almost running into more than five lakhs. This question has also not been....