Section 68: Assessee's Claim of Gifted Initial Finance from Father Deemed Reasonable; Genuineness and Creditworthiness Established.

Addition u/s 68 - it would be reasonable to believe the contention of the assessee of having received the initial finance from his father by way of a gift - Therefore, the genuineness of the transaction and also the creditworthiness of the father has been established. .....

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