ITAT Remands Section 69A Addition as Additional Evidence Goes to Root of Dispute

Advertisement Jitendra Motilal Chawla Vs ITO (ITAT Ahmedabad) The assessee appealed against the order of the Commissioner of Income Tax (DRP-2), Mumbai, for A.Y. 2019-20, challenging the reassessment proceedings and additions made under Sections 69A and 115BBE of the Income-tax Act. The principal dispute concerned additions relating to inward remittances received in the assessee’s NRE bank accounts, which the assessee claimed were foreign remittances not chargeable to tax in India. The assessee, a non-resident individual, had not originally filed a return of income. Based on informati...