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| The Tax Publishers2020 TaxPub(DT) 1864 (Visakhapatnam-Trib) INCOME TAX ACT, 1961
Section 68
Where AO made addition under section 68 doubting source of source i.e. donor, considering that assessee discharged his burden by placing evidence with regard to receipt of gift from his son, there was no reason to make addition in hands of assessee.
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Income from undisclosed sources - Addition under section 68 - Gifts received from assessee's son - Suspicion of AO was on source of income of donor
Issue was as regards addition under section 68 on account of gifts received from assessee's son. Suspicion of AO was on source of income of donor. Held: In instant case, AO did not doubt genuineness of the gift received by assessee from his son. AO's suspicion was source of source i.e. donor. Since assessee discharged his burden by placing evidence with regard to receipt of gift from his son, there was no reason to make addition in hands of assessee.
REFERRED :
FAVOUR : In assessee's favour
A.Y. : 2015-16
IN THE ITAT, VISAKHAPATNAM BENCH
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