Case Law Analysis
|Bombay High Court
Section 69 IT Act | Donor's Unexplained Credits Cannot Justify Tax Liability on Donee Without Direct Evidence : ITAT Mumbai
ITAT Mumbai ruled that tax authorities cannot impute unexplained investments on a homemaker-donee merely because the donor's source of funds is unverified. The tribunal emphasized that the burden of proof lies on the revenue to establish undisclosed income directly attributable to the assessee, not merely through familial transactions.