Addition u/s 68 on account of claim of gifts - mere claim of gift would not fall in the ambit of...

Addition u/s 68 on account of claim of gifts - mere claim of gift would not fall in the ambit of provisions of section 56(2)(vii) - when the assessee has failed to establish the claim of gift then the said amount has to be added as unexplained cash credit under section 68. .....

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