Huge Amount cannot be given to anybody for “Free”: ITAT upholds Addition of Gift

The ITAT Delhi upheld an addition of ₹2,50,000 as unexplained cash credit under Section 68 of the Income Tax Act, 1961. The assessee, Sujeet Kumar, claimed the amount was a gift from his father-in-law but failed to provide sufficient evidence to prove the identity, creditworthiness, and genuineness of the donor. Consequently, the Assessing Officer treated the amount as unexplained income, a decision supported by the first appellate authority and affirmed by the ITAT.