Mrs. A has purchased two plots of Rs. 15 Lac and Rs.10 Lac in F.Y. 2014-15. She received this amount in cash from her younger son Mr. B. and Mr. B is a shopkeeper and file his return normally . Mr. B received this amount from his elder Brother Mr. C for Mother [May be Gift]. Mr. C has sufficient sources for this amount. Now to prove the genuineness of transaction and not taxable in hand of Mrs. A what should do or any case law in supporting of such problem. Mail me. kaushalpandeymtr@gmail.com
27 December 2016
Sir i suppose your case is under scrutiny in this regards you have to give the passbook copy of the person from whom you have received the amount for withdrawl of cash from his account which is given to you. He may also demand his personal apperance
CAclubindia
