Dismissing the appeal the Court held that the Donors have affirmed that they have not given a gift and it was an arrangement of commission. Order of Tribunal was affirmed (AY. 2002-03)
P.R. Ganapathy v. Dy. CIT (2023) 290 Taxman 68/ 335 CTR 565 (Mad.)(HC)
S. 68 : Cash credits-NRI gifts-Search and seizure-Denial by donors-Addition was as cash was affirmed. [S. 132]