Addition of income not accruing/ arising from business connection in India not sustainable

ITO Vs Alkesh Pratapchandra Bhansali (ITAT Surat)

Held that there is no material/ evidence to say that the assessee was having any business connection in India. Addition unsustainable.

Facts-

AO received information that assessee (NRI) is maintaining foreign bank account with HSBC Bank, Geneva, Switzerland, with data sheet containing monthly balance in his account, received by Indian Government from French Authority.

As per inform

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