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Case Law Details

Case Name : DCIT Vs Vimal Kanubhai Patel (ITAT Ahmedabad)
Related Assessment Year : 2004-05
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DCIT Vs Vimal Kanubhai Patel (ITAT Ahmedabad)

Introduction: In the recent case of DCIT vs. Vimal Kanubhai Patel, the Income Tax Appellate Tribunal (ITAT) in Ahmedabad addressed a significant dispute concerning the addition of INR 3,45,90,531/- on account of unexplained credits in the Citibank NA Singapore account for the Assessment Year 2004-05. The Revenue, dissatisfied with the order of the Commissioner of Income-tax (Appeals) [CIT(A)], appealed against the decision.

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