TMI BlogUndisclosed Income u/s 68: Taxpayer Fails to Explain Donor's Financial Capacity for Gift from Brother.Addition of undisclosed income u/s 68 – Gift received from brother – as per sec. 68, the assessee is required to explain the capacity of the lender to advance money to the assessee to the satisfaction of the AO - additions confirmed - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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