In 2025, an Indian engineer working in Dubai, won a tax case against the Income Tax Department regarding a Rs 69-lakh 'unexplained investment'. The department questioned his Kerala property purchase and fixed deposit investments. While he gave explanations for these assets and investments, the tax dept rejected it. The Income Tax Appellate Tribunal (ITAT) Mumbai ruled in his favor on two technical grounds. Read to know how he won.
from Tax-Wealth-Economic Times https://ift.tt/trMsCTK
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