Onus is on thr assessee to prove the Creditworthiness of the Donor.
section 68 Pandit Vijay Kant Sharma v. CIT Decision: Against the assessee. Income from undisclosed sources–Addition under section 68 — Gift–Assessee failed…
Donor creditworthiness
Recent Posts
- Condonation of Delay under Section 119(2)(b) – CBDT Circular Cannot Override Substantive Right to Refund: HC
- Taxation of Joint Development Agreements (JDAs) in the Context of the New Income Tax Act, 2025:
- Madras High Court Quashes Reassessment as Time-Barred and Without Jurisdiction:
- How Nagpur’s Tax Drive Signals a Nationwide Shift in Transparency
- Understanding Tax Exemption and TDS Issues on Land Acquisition Compensation
- Regulatory Exposure of High-Net-Worth Families under the Black Money Law:
- MSME Lifeline – New Credit Scheme to Counter 50% US Tariffs
- Bombay High Court Rules Assessee Cannot Be Penalized for Chartered Accountant’s Belated Advice in Tax Filing
- How Every Citizen Became a Tax Collector
- TAX COMPLIANCE TRACKER – NOVEMBER, 2025
