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Invoking of sec.68

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(Querist)
29 June 2015 Can AO invoke Sec.68 in case of cash gift received from any relative amount exceeding Rs.50000/-
If yes what to do to avoid such a situation?
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sudarshan

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sudarshan (Expert)
01 July 2015 for gift the following need to be proved

1.identity of donor
2.occasion
3.source of donor
4.genuineness of gift

if gift cannot be proved, then it cannot be proved under sec 68 also.

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