Receipt through banking channel not sufficient to prove genuineness of a gift
Nov 30, 2009 Income Tax Case Laws
SUMMARY OF CASE LAW
It is the burden of the assessee to show and demonstrate what kind of relationship or what kind of love and affection the donor has with the assessee, and to explain circumstances in which gifts are made.
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Tags: acceptable explanation, amp, circumstances, delhi high court, expression, genuineness, ita, judgment, love and affection, onus, proper appreciation, Supreme Court