ITA No. 507/RJT/2025

Parties Involved

Facts Summary

The assessee, Vinit Arvind Shah, filed an appeal against the order under section 250 of the Income-tax Act, 1961, passed by the National Faceless Appeal Centre, dated 17.06.2025, which arose from an order passed by the assessing officer under section 143(3) of the Act, dated 25.03.2019. The assessee, an individual deriving income from various sources, had claimed to have received cash gifts of Rs.18,00,000/- and Rs.70,00,000/- from his younger brother, Shri Chintan A. Shah, on 01.12.2015 and 21.01.2016, respectively. The Assessing Officer noticed discrepancies in the source and availability of the cash gifts and proposed to treat the aggregate cash gifts of Rs.88,00,000/- as unexplained cash credits under section 68 of the Income-tax Act, 1961. The assessee furnished an explanation and supporting material, which was not found satisfactory by the authorities below. The assessee appealed against the addition made by the Assessing Officer, which was sustained by the Ld. CIT(A).…

Legal Issues

• 1. Whether the entire amount of Rs.88,00,000/- can be treated as the real income of the assessee?
• 2. What is the appropriate income element to be brought to tax?

Judgment Outcome

Decided in favour of Assessee.

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