[aaykarbhavan] Sum received from NRE a/c of brother held as unexplained as recipient couldn't explain source of deposits

Sum received from NRE a/c of brother held as unexplained as recipient couldn't explain source of deposits

March 25, 2014[2014] 42 taxmann.com 471 (Gujarat)

IT: Where assessee received certain amount from NRE account of his brother but he could not give any further details of either source or creditworthiness thereof, authorities below were justified in bringing said amount to tax as unexplained cash credits

 

Regards

Prarthana Jalan

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