This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Sec 69 Addition Deleted – NRI Property Funded by Overseas Remittances via Mother’s Bank Trail – ITAT Mumbai
Case Law Details
- Case Name
- Johnson Praveen Quadros Australia Vs ITO (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Johnson Praveen Quadros Australia Vs ITO (ITAT Mumbai)
Sec 69 Addition Deleted – NRI Property Investment Explained Through Overseas Remittances & Mother’s Bank Trail – ITAT Mumbai
AO reopened assessment alleging unexplained investment of ₹14.70 lakh u/s 69 towards purchase of immovable property by NRI assessee and invoked Sec 115BBE. Assessee explained that funds were sourced from overseas earnings transferred to mother’s account and later utilised for property purchase; documentary evidence including bank trail, term deposits and maturity proceeds were furnished.
ITAT he...
Author Info
