https://www.taxtmi.com/highlights?id=82716 Petitioner's NRO account deposits were subject to TDS deduction; transferred shares from deceased wife's account not taxable. Respondents classified petitioner as resident, demanded tax on deposits as unexplained investments and transferred shares as purchase of securities. Petitioner unable to explain due to wife's demise and personal commitments. Order passed without opportunity of hearing, violating natural justice. Order set aside, matter remanded for fresh consideration after allowing petitioner to file reply/objections and personal hearing. en-us Wed, 30 Oct 2024 08:32:36 +0530 Wed, 30 Oct 2024 08:32:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=82716 Petitioner's NRO account deposits were subject to TDS deduction; transferred shares from deceased wife's account not taxable. Respondents classified petitioner as resident, demanded tax on deposits as unexplained investments and transferred shares as purchase of securities. Petitioner unable to explain due to wife's demise and personal commitments. Order passed without opportunity of hearing, violating natural justice. Order set aside, matter remanded for fresh consideration after allowing petitioner to file reply/objections and personal hearing. Highlights Income Tax Wed, 30 Oct 2024 08:32:36 +0530 https://www.taxtmi.com/highlights?id=82716