Addition u/s 68 on the ground that Gift are not Genuine is a question of Fact – Court not to intervene !!

Addition u/s 68 on the ground that Gift are not Genuine is a question of Fact – Court not to intervene !!

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Addition u/s 68 on the ground that Gift are not Genuine is a question of Fact – Court not to intervene !!

Where authorities below made addition of amount received by assessee as gift under section 68 taking a view that gifts were not genuine as donors were very petty persons having no source to gift such a heavy amount to assessee, said finding being finding of fact, did not require any interference

[2017] 88 taxmann.com 219 (Allahabad)

HIGH COURT OF ALLAHABAD

Pandit Vijay Kant Sharma

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