Saturday, November 24, 2018

Sec. 68 additions confirmed in absence of proof showing creditworthiness of father to give huge cash gift to his son

IT : Where assessee was not able to bring on record any material evidence to prove creditworthiness and capacity of his father to advance huge amount of cash gift from any known source of income, impugned addition made under sec. 68 by authorities below was to be confirmed

from www.taxmann.com Latest Case Laws https://ift.tt/2QfVm2V

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