Gift from Father: ITAT upholds Addition since Creditworthiness of Donor was not Proved [Read Order]

Gift - Father - ITAT - Creditworthiness - Donor - Taxscan

The Income Tax Appellate Tribunal (ITAT), Delhi bench has upheld an addition towards the gift from the father as the assessee failed to prove the creditworthiness of the donor under the provisions of the Income Tax Act, 1961. During the course of assessment proceedings, the assessee, Praveen Kumar Chauhan was called upon to explain the…

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