https://www.taxtmi.com/caselaws?id=440292 HC set aside the order u/s 148A(d) and the consequential notice u/s 148 and directed the AO to reexamine the transactions de novo in light of the taxpayer's explanations. The taxpayer, a Canadian resident who stayed in India 31 days, had explained remittances as bank interest and reinvestment in NRO/NRE FDRs and sought a detailed break-up of a third high-value transaction. The AO is directed to consider the submitted material and to furnish the break-up of specified high-value transactions allegedly reportable under s.285BA(1) before proceeding further. en-us Thu, 18 May 2023 00:00:00 +0530 Tue, 18 Nov 2025 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440292 HC set aside the order u/s 148A(d) and the consequential notice u/s 148 and directed the AO to reexamine the transactions de novo in light of the taxpayer's explanations. The taxpayer, a Canadian resident who stayed in India 31 days, had explained remittances as bank interest and reinvestment in NRO/NRE FDRs and sought a detailed break-up of a third high-value transaction. The AO is directed to consider the submitted material and to furnish the break-up of specified high-value transactions allegedly reportable under s.285BA(1) before proceeding further. Case-Laws Income Tax Thu, 18 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440292