https://www.taxtmi.com/caselaws?id=401268 The appeal by the revenue for Assessment Year 2009-10 was found not maintainable by the Tribunal due to the tax effect being below the prescribed monetary limit of Rs. 50 Lakhs. The additions made by the Assessing Officer regarding foreign remittances were deleted by the CIT(A) as they were not proven to be taxable income in India. The Tribunal concluded that the credits in the bank account were not undisclosed foreign income or assets, leading to the dismissal of the appeal on 5th August 2020. en-us Wed, 05 Aug 2020 00:00:00 +0530 Thu, 03 Dec 2020 11:15:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401268 The appeal by the revenue for Assessment Year 2009-10 was found not maintainable by the Tribunal due to the tax effect being below the prescribed monetary limit of Rs. 50 Lakhs. The additions made by the Assessing Officer regarding foreign remittances were deleted by the CIT(A) as they were not proven to be taxable income in India. The Tribunal concluded that the credits in the bank account were not undisclosed foreign income or assets, leading to the dismissal of the appeal on 5th August 2020. Case-Laws Income Tax Wed, 05 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401268