Tribunal accepts doctor's family cash gifts explanation, upholds tax on anonymous donations.

The Income Tax Appellate Tribunal ruled in favor of the assessee, a UK-based doctor, regarding unexplained cash deposits in an Indian bank account during demonetization. The Tribunal accepted the explanation that these were gifts from family members in India, who are doctors with substantial income. The Assessing Officer did not adequately investigate the donors' identity, genuineness, and creditworthiness, despite provided gift certificates. The Tribunal found the explanation for cash gifts over three years reasonable but upheld the addition under Section 115BBE, as the assessee was informed of the nature of additions through the show cause notice. .....

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