2023 (9) TMI 28

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..... CIT, D/R ORDER PER DR. MANISH BORAD, ACCOUNTANT MEMBER : The present appeal is directed at the instance of the assessee against the order of the National Faceless Appeal Centre, Delhi (hereinafter the "ld. CIT(A)") dt. 28/02/2023, passed u/s 250 of the Income Tax Act, 1961 ("the Act") for the Assessment Year 2016-17. 2. The sole issue that arises from consideration is that whether the ld. CI....

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....ition under section 69 of the Act at Rs. 3,61,000/- and assessed the income at Rs. 6,08,640/-. Aggrieved the assessee preferred appeal before the ld. CIT(A) challenging the said addition, however, the ld. CIT(A) on the ground that the assessee had failed to produce any supporting materials this regard, confirmed the addition made by the assessing officer. 4. Aggrieved, the assessee is now in appe....

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....ice that the assessee is regularly assessed to tax and has been offering taxable income. Assessee has claimed to have received gift in cash at Rs. 3,61,000/- from relatives as defined u/s 56(2)(vi) of the Act. It is claimed that the assessee received gift from father, mother and brother. It is also submitted that father of the assessee is a retired High Court Judge, namely, Justice Subhro Kamal Mu....

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....pugned order, the assessee stated that copies of the income tax return of her father for Assessment Year 2016-17 was placed before the ld. Assessing Officer requesting him to consider the genuineness of the gift. 8. Under these given facts and circumstances and considering the fact that the donors either have sufficient source of income or they are senior citizens who have some past accumulated s....