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AIR-Based Reopening Sends NRI Investment Case Back to AO
Case Law Details
- Case Name
- Pradip Naik Vs ITO (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Delhi
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Pradip Naik Vs ITO (ITAT Delhi)
AIR-Based Reopening Leads to Remand: Source From Abroad Explained? ITAT Sends NRI Investment Case Back for De-novo Assessment
Delhi ITAT ‘D’ Bench in Pradip Naik vs ITO (ITA No.1497/Del/2023, AY 2012-13, order dated 24-12-2025) set aside the orders of the lower authorities and remanded the matter to the AO for de-novo adjudication, holding that the source of NRI’s mutual fund investments requires fresh verification.
The assessee, an NRI engaged in business in Oman since 1985, did not file a return for AY 2012-13. Based on AIR information o...
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