NRI Wins Tax Relief from ITAT Ahmedabad Over Unexplained Property Purchase Notice
3 hours agoBusiness
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3 SourcesAhmedabad, India
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NRI Wins Tax Relief from ITAT Ahmedabad Over Unexplained Property Purchase Notice

A US citizen of Indian origin, Mr. Patel, received a tax notice for an unexplained Rs 66.95 lakh property purchase in India. Despite paying Tax Deducted at Source (TDS), he did not file an Income Tax Return (ITR). His inability to travel from the US to provide documents led to ex-parte orders and dismissal by the CIT(A). However, the ITAT Ahmedabad granted him relief, setting aside the addition and ordering a fresh assessment for a fair hearing.

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