https://www.taxtmi.com/caselaws?id=246770 The Tribunal held that the assessee's forced stay in India due to passport seizure should be excluded in determining residential status, maintaining him as a non-resident. The addition of share capital by Universal Business Solutions Mauritius in Claridges Pvt. Ltd. was deemed legitimate, while the investment by Palm Technologies Ltd. in Claridges SEZ was upheld on a protective basis. Unexplained cash found by the CBI was upheld, along with investments in Sonali Farms and deposits in Deutsche Bank. Foreign remittance and unexplained jewelry additions were confirmed and deleted, respectively. The assessee's appeals were partly allowed, emphasizing equitable tax law interpretation. en-us Fri, 11 Apr 2014 00:00:00 +0530 Fri, 20 Mar 2015 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246770 The Tribunal held that the assessee's forced stay in India due to passport seizure should be excluded in determining residential status, maintaining him as a non-resident. The addition of share capital by Universal Business Solutions Mauritius in Claridges Pvt. Ltd. was deemed legitimate, while the investment by Palm Technologies Ltd. in Claridges SEZ was upheld on a protective basis. Unexplained cash found by the CBI was upheld, along with investments in Sonali Farms and deposits in Deutsche Bank. Foreign remittance and unexplained jewelry additions were confirmed and deleted, respectively. The assessee's appeals were partly allowed, emphasizing equitable tax law interpretation. Case-Laws Income Tax Fri, 11 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246770