Bank Trails & Loan Records Defeat Unexplained Property Additions

Dileep Kumar Dwivedi Vs ACIT (ITAT Delhi) Reassessment Survives, Addition Doesn’t:- Explained NRE Funds & Bank Loans—ITAT Delhi Deletes Property Investment Additions Delhi ITAT ‘D’ Bench in Dileep Kumar Dwivedi vs ACIT, Ward 1(2)(2), Delhi (ITA No.347/Del/2025, AY 2015-16, order dated 23-12-2025) deleted additions relating to purchase of immovable property, holding that the source of investment stood duly explained through banking channels and loan documentation. The assessee, a non-resident US citizen, was subjected to reassessment u/s 147 on the allegation of unexplained investme...