https://www.taxtmi.com/caselaws?id=759886 ITAT Ahmedabad allowed the assessee's appeal, deleting the addition made under Section 69A for unexplained credit of AED 145,000 (Rs. 25,60,654). The tribunal found that the assessee provided satisfactory documentation proving the amount was a performance incentive earned by the spouse in UAE and legitimately remitted to India through banking channels. The DRP's alternative treatment as gift under Section 56(2)(x) was rejected as the amount constituted salary, not gratuitous receipt. Since both parties were non-residents during the assessment year, the income earned and accrued outside India was held not taxable under Indian law per Section 5(2). en-us Tue, 08 Oct 2024 00:00:00 +0530 Thu, 10 Oct 2024 08:27:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759886 ITAT Ahmedabad allowed the assessee's appeal, deleting the addition made under Section 69A for unexplained credit of AED 145,000 (Rs. 25,60,654). The tribunal found that the assessee provided satisfactory documentation proving the amount was a performance incentive earned by the spouse in UAE and legitimately remitted to India through banking channels. The DRP's alternative treatment as gift under Section 56(2)(x) was rejected as the amount constituted salary, not gratuitous receipt. Since both parties were non-residents during the assessment year, the income earned and accrued outside India was held not taxable under Indian law per Section 5(2). Case-Laws Income Tax Tue, 08 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759886