Assessee has Sufficient Source of Income beyond Doubt for Investment in Immovable Property: ITAT deletes Addition for Unexplained Source of Income [Read Order]

By Fathima Karama A.M - On October 28, 2023 3:00 pm - 2 mins read
No Excise Duty Demand - Data Received on Pen Drive - Reliable Evidence - CESTAT - taxscan

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition for unexplained source of income as the assessee had sufficient source of income beyond the doubt for investment in immovable property. The assessee, Sujata Banerjee was a non-resident individual and a tax resident of the United States of America (USA). The Assessing…

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