https://www.taxtmi.com/caselaws?id=430106 The Tribunal invalidated the reopening of assessment due to lack of credible evidence and independent application of mind by the Assessing Officer. The additions to the assessee's income based on the 'base note' were deleted as the AO failed to prove the income in the foreign bank account was taxable in India. The Tribunal confirmed that non-residents are only taxable in India if income is sourced from India. The appeals by the AO were dismissed, and the CIT(A)'s decision to delete the additions was upheld for both assessment years. en-us Mon, 31 Oct 2022 00:00:00 +0530 Fri, 11 Nov 2022 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430106 The Tribunal invalidated the reopening of assessment due to lack of credible evidence and independent application of mind by the Assessing Officer. The additions to the assessee's income based on the 'base note' were deleted as the AO failed to prove the income in the foreign bank account was taxable in India. The Tribunal confirmed that non-residents are only taxable in India if income is sourced from India. The appeals by the AO were dismissed, and the CIT(A)'s decision to delete the additions was upheld for both assessment years. Case-Laws Income Tax Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430106