No Addition u/s 69A for NRI’s cash deposit during Demonetization in NRO Account from earlier Withdrawals

Viren Bakhru Vs ACIT (ITAT Delhi)

Introduction: The case of Viren Bakhru vs. ACIT, heard by the ITAT Delhi, revolves around the addition of cash deposits in the Non-Resident Ordinary (NRO) account during the demonetization period. The appellant, a non-resident Indian (NRI) residing in Dubai, contested the addition made under section 69A of the Income Tax Act, 1961, providing explanations for the source of the deposited cash.

Detailed Analysis: The appellant, a non-resident Indian resi

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