NRI Gets Relief: ITAT Quashes Rs 66 Lakh Unexplained Property Addition
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News18•14-01-2026, 13:33
NRI Gets Relief: ITAT Quashes Rs 66 Lakh Unexplained Property Addition
- •A US citizen of Indian origin, Mr. Patel, received a tax notice for an unexplained property purchase of Rs 66.95 lakhs in India.
- •The Income Tax Department proceeded ex parte and added the entire investment to his income under Section 69A after he failed to respond to notices.
- •Mr. Patel, an NRI since 2001 and US citizen since 2009, explained that his property documents and old bank statements were in India, requiring a physical visit.
- •His appeal to CIT(A) was dismissed due to delayed filing and non-participation in proceedings.
- •The ITAT Ahmedabad quashed the addition, ordering a fresh assessment and granting Mr. Patel an opportunity to present documents and be heard, acknowledging his NRI status and travel difficulties.
Why It Matters: ITAT Ahmedabad provided relief to an NRI, quashing a Rs 66 lakh tax addition and ordering a fresh assessment.
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