https://www.taxtmi.com/caselaws?id=446972 Delhi HC held that Section 69A addition cannot be invoked against a Non-Resident Indian assessee whose only income sources in India were interest on bank accounts and tax refunds. The court noted that since the assessee was not obliged to maintain books of account in India, and Section 69A specifically uses the phrase "if any" regarding books of account, the provision cannot be applied where no books are required to be maintained. The assessee provided satisfactory explanation with documentary evidence for the money in question. ITAT's decision that Section 69A was inapplicable was upheld, with no substantial question of law arising. en-us Tue, 12 Dec 2023 00:00:00 +0530 Tue, 07 Jan 2025 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446972 Delhi HC held that Section 69A addition cannot be invoked against a Non-Resident Indian assessee whose only income sources in India were interest on bank accounts and tax refunds. The court noted that since the assessee was not obliged to maintain books of account in India, and Section 69A specifically uses the phrase "if any" regarding books of account, the provision cannot be applied where no books are required to be maintained. The assessee provided satisfactory explanation with documentary evidence for the money in question. ITAT's decision that Section 69A was inapplicable was upheld, with no substantial question of law arising. Case-Laws Income Tax Tue, 12 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446972