https://www.taxtmi.com/caselaws?id=426380 The Tribunal upheld the CIT(A)'s decision, ruling that the addition of Rs. 3,11,80,920/- as unexplained credit entries under Section 69A was unjustified. The assessee provided adequate documentary evidence to prove the legitimate source of funds transferred from abroad, which were not taxable in India. The Tribunal emphasized that non-resident income falls outside the scope of taxable income under Section 5 of the Income Tax Act. The Revenue's appeal was dismissed, and the decision was pronounced on 27-07-2022. en-us Wed, 27 Jul 2022 00:00:00 +0530 Tue, 16 Aug 2022 09:05:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426380 The Tribunal upheld the CIT(A)'s decision, ruling that the addition of Rs. 3,11,80,920/- as unexplained credit entries under Section 69A was unjustified. The assessee provided adequate documentary evidence to prove the legitimate source of funds transferred from abroad, which were not taxable in India. The Tribunal emphasized that non-resident income falls outside the scope of taxable income under Section 5 of the Income Tax Act. The Revenue's appeal was dismissed, and the decision was pronounced on 27-07-2022. Case-Laws Income Tax Wed, 27 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426380