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Non-Reasoned Order: ITAT Remands ₹70.25 Lakh Foreign Remittance Addition Case to CIT(A)
Case Law Details
- Case Name
- Nadukkandi Kunhabdulla Raheena Manzil Vs ITO (ITAT Cochin)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Cochin
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Nadukkandi Kunhabdulla Raheena Manzil Vs ITO (ITAT Cochin)
SEO Title: ITAT Remands ₹70.25 Lakh Foreign Remittance Case to CIT(A)
Summary: The Income Tax Appellate Tribunal (ITAT) Cochin has remanded the case of Nadukkandi Kunhabdulla Raheena Manzil v. ITO back to the Commissioner of Income Tax (Appeals) [CIT(A)] for fresh adjudication. The case pertains to the addition of ₹70.25 lakh as unexplained foreign remittances to the assessee’s NRO and NRE accounts for Assessment Year (AY) 2014-15. The AO rejected the assessee’s explanation that the amount represented busin...
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