Gift from Non-Resident Indian Deemed Bogus u/s 68 Due to Lack of Donor Verification, Classified as Undisclosed Income.

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....Undisclosed income u/s 68 - genuine or bogus gifts - The assessee failed to produce the donor as also his bank statement to prove that gift was actually given by the assessee. - NRI gift from a stranger was held to be bogus.... - HC....