Commissioner Of Income Tax vs R.S. Sibal on 12 November, 2003
Sunita Vachani and CIT v. R.S. Sibal (2004) 187 CTR (Del) 291, wherein gifts from strangers were held to be valid.
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1 - 4 of 4 (0.17 seconds)Sajan Dass & Sons vs Commissioner Of Income Tax on 26 November, 2002
It is well-settled that mere identification of donor and showing the movement of gift amount through banking channel is not enough to prove genuineness of the gift. The assessee was required to establish that the donor had the means and the gift was genuine, for natural love and affection. Reference in this regard may be made to the judgment of this Court in Lall Chand Kalia v. CTT (1981) 22 CTR (P&H) 135, judgment of Delhi High Court in Sajan Dass & Sons v. CIT (2003) 181 CTR (Del) 581 : (2003) 264 ITR 435 (Del), CIT v. Durga Prasad More 1973 CTR (SC) 500 : (1971) 82 TTR 540 (SC) and Sumati Dayal v. CIT (1995) 125 CTR (SC) 124 : (1995) 214 WR 801 (SC).
Commissioner Of Income-Tax, West ... vs Durga Prasad More on 26 August, 1971
It is well-settled that mere identification of donor and showing the movement of gift amount through banking channel is not enough to prove genuineness of the gift. The assessee was required to establish that the donor had the means and the gift was genuine, for natural love and affection. Reference in this regard may be made to the judgment of this Court in Lall Chand Kalia v. CTT (1981) 22 CTR (P&H) 135, judgment of Delhi High Court in Sajan Dass & Sons v. CIT (2003) 181 CTR (Del) 581 : (2003) 264 ITR 435 (Del), CIT v. Durga Prasad More 1973 CTR (SC) 500 : (1971) 82 TTR 540 (SC) and Sumati Dayal v. CIT (1995) 125 CTR (SC) 124 : (1995) 214 WR 801 (SC).
Subhash Chander Sekhri vs Deputy Commissioner Of Income Tax on 31 July, 2006
8. We have dealt with this aspect of the matter at length in our judgment dt. 31st July, 2006 in Subhash Chander Sekhri v. Dy. CIT (IT Appeal No. 265 of 2006) [reported at (2006) 205 CTR (P&H) 620Ed.]
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