https://www.taxtmi.com/caselaws?id=250356 The Tribunal dismissed all Revenue's appeals, affirming the deletion of additions related to bank accounts. The CIT(A) found no evidence contradicting the assessee's explanation that the accounts belonged to NRIs for charity purposes. The Tribunal upheld this decision, noting the lack of nexus to the assessee's business activities and the legitimate funding of NRE accounts through foreign currency. The consistent explanation and evidence provided led to the dismissal of the Revenue's appeal, emphasizing the absence of concrete evidence linking the accounts to the assessee. en-us Fri, 25 Jul 2014 00:00:00 +0530 Sun, 10 Aug 2014 06:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250356 The Tribunal dismissed all Revenue's appeals, affirming the deletion of additions related to bank accounts. The CIT(A) found no evidence contradicting the assessee's explanation that the accounts belonged to NRIs for charity purposes. The Tribunal upheld this decision, noting the lack of nexus to the assessee's business activities and the legitimate funding of NRE accounts through foreign currency. The consistent explanation and evidence provided led to the dismissal of the Revenue's appeal, emphasizing the absence of concrete evidence linking the accounts to the assessee. Case-Laws Income Tax Fri, 25 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250356