2025 (7) TMI 38

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....: Shri. Subramanian S, JCIT(DR)(ITAT), Bangalore. ORDER PER LAXMI PRASAD SAHU, ACCOUNTANT MEMBER : This is an appeal filed by the assessee challenging the Order of the learned CIT(A), for not allowing appeal filed by the assessee by making addition of Rs. 45 lakhs in the hands of the assessee as assessee could not establish the credit worthiness of Ms. Kruthika Pathi Sanjay (assessee's da....

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.... of Rs. 63,44,216 including the gift received from relatives of Rs. 59,75,000/- which consists of Rs. 45 lakhs of gift revived from her daughter. On examination of the gift of Rs. 45 lakhs, the bank statement of Ms. Kruthika Pathi Sanjay was also examined and it was noted that there is deposit of huge amount of Rs. 30 lakhs and Rs. 15 lakhs credited on 05.10.2015 and 08.10.2015 which is transfer r....

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....ssee is a partner in two partnership firms and her husband is also a partner in the partnership firms and husband of the assessee has also creditworthyness and referred to the return of income filed by the assessee's husband. Assessee has filed Paper Book including the case laws, containing 114 pages. Therefore, the source of the source is proved by the assessee. Both the authorities have observed....

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....f money received on two doccasions amounting to Rs. 45 lakhs (Rs.30 lakhs and Rs. 15 lakhs) on 05.10.2015 and 08.102.15 and the same amount has been given as gift to the assessee. During the proceedings before the lower authorities, assessee has proved the source of source i.e., husband of the assessee. On going through the financial statements, we noted that Shri. Pathi Sanjay (husband of the ass....