Tribunal Criticized for Superficial Acceptance of Large Gifts under Income Tax Act's Section 68 Without Proper Scrutiny.

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....Addition u/s.68 - gift - When however, large amounts are stated to have been gifted, that too by a person having no blood relation with the assessee, the question of genuineness of the gifts would require closer scrutiny - Tribunal has made superficial observations and mechanically accepted the genuineness of the gifts.....