K. Sivakumar Versus The Assistant Commissioner of Income Tax - Income Tax - MADRAS HIGH COURT - HC - Gift from brother - Creditworthiness and genuineness of donor - Held that - The assessee could not produce the statement of cash flow to show that the gift was genuine one - The assessee had not placed any material before the Authority to substantiate the receipt of Rs.7,50,000/- as gift from his brother - In the absence of any compelling reason and materials to show as regards the genuineness of................................... Income Tax - Case Laws
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