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Case Law Details

Case Name : Nehal Ramanbhai Patel Vs ITO (ITAT Ahmedabad)
Related Assessment Year : 2013-2014
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Nehal Ramanbhai Patel Vs ITO (ITAT Ahmedabad)

ITAT Ahmedabad deletes ₹26.49 Lakh addition u/s 69A – Foreign Remittances in NRE Account accepted as genuine source for property purchase

Ahmedabad ITAT   deleted an addition of ₹26,49,250/- made as unexplained money under section 69A in respect of investment in immovable property, holding that the assessee had satisfactorily proved that the source was foreign-earned income remitted through legitimate ba

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