Summary
The Mumbai ITAT ruled that a taxpayer cannot be taxed for unexplained investment solely due to a missing remittance document if other credible evidence supports the transaction, leading to the deletion of an ₹80 lakh tax addition.
Mumbai ITAT Deletes ₹80 Lakh Tax Addition for Property Bought with NRI Husband's Funds
HyperFast News
Related news
Mumbai ITAT Rules Redevelopment Gains Not Taxable for Housing Societies
19 Sept 2026, 5:59 pm · News
Mumbai ITAT Rules Two Flats Can Qualify as One Home for Section 54F Income Tax Relief
19 Sept 2026, 5:59 pm · News
Mumbai ITAT Allows Tax Relief on Two Flats Purchased as Single Home
19 Sept 2026, 5:59 pm · News
