Sec. 68 additions justified as assessee failed to justify huge cash gift received from nephew being a salaried person

IT : Where assessee failed to place on record relevant material before Assessing Officer to prove creditworthiness and capacity of his nephew, who was a salaried person, to advance a gift of huge cash amount to assessee who was an affluent businessman, addition made under section 68 in respect of such gift amount was to be confirmed

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