Documented FDI Through Banking Channels Escapes Section 69

FTSA Holdings B.V. Vs DCIT (ITAT Bangalore) Section 69 Can’t Be Invoked Where Investment Is Recorded & Source Explained: Bangalore ITAT Deletes ₹13.20 Cr Addition on Foreign Share Investment Bangalore Bench of the ITAT, in FTSA Holdings B.V. vs DCIT (International Taxation) (ITA No. 643/Bang/2025, AY 2019-20, order dated 23.12.2025), granted major relief to a Netherlands-based non-resident company by holding that Section 69 has no application where the investment is duly recorded in books and the source of funds is satisfactorily explained. The case arose from a reassessment u/s 147 r....