Held that the Assessing Officer has accepted the gift received from the son as genuine only on the basis that the amount was transferred thorough NEFT and hand written confirmation from son, without examining the creditworthiness of the son. Revision order is affirmed. (AY. 2016-17)
Rajinder Singh v. PCIT(2023) 224 TTJ 854(Chd)(Trib)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Gift from son-Failure of the Assessing Officer to examine the creditworthiness of the donor-Revision order is affirmed. [ S. 143(3)]