https://www.taxtmi.com/caselaws?id=772195 ITAT Ahmedabad allowed the appeal against addition under section 69 for unexplained investment in property from NRE account. The tribunal held that since the assessee was a UK resident who transferred funds from UK bank account to NRE account and made property payments through banking channels, no addition was sustainable. The decision was supported by Gujarat HC ruling in Nitin Mavji Vekaria case regarding NRE account investments and ITAT Rajkot decision in Vinodkumar Hiralal Shah case involving similar NRE account transfers. en-us Mon, 26 May 2025 00:00:00 +0530 Thu, 05 Jun 2025 08:25:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772195 ITAT Ahmedabad allowed the appeal against addition under section 69 for unexplained investment in property from NRE account. The tribunal held that since the assessee was a UK resident who transferred funds from UK bank account to NRE account and made property payments through banking channels, no addition was sustainable. The decision was supported by Gujarat HC ruling in Nitin Mavji Vekaria case regarding NRE account investments and ITAT Rajkot decision in Vinodkumar Hiralal Shah case involving similar NRE account transfers. Case-Laws Income Tax Mon, 26 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772195