https://www.taxtmi.com/caselaws?id=772825 The ITAT Ahmedabad addressed unexplained investments in shares of a private company by a non-resident assessee based in USA. The assessee failed to appear or provide explanation for investment source despite multiple hearing notices, claiming funds came from remittances to brother's bank account. Due to non-cooperation throughout assessment and appellate proceedings, the matter was restored to assessing officer for fresh consideration with proper hearing opportunity. The assessee was ordered to pay Rs. 3000 costs to Prime Minister's relief fund. en-us Wed, 12 Mar 2025 00:00:00 +0530 Sat, 14 Jun 2025 06:47:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772825 The ITAT Ahmedabad addressed unexplained investments in shares of a private company by a non-resident assessee based in USA. The assessee failed to appear or provide explanation for investment source despite multiple hearing notices, claiming funds came from remittances to brother's bank account. Due to non-cooperation throughout assessment and appellate proceedings, the matter was restored to assessing officer for fresh consideration with proper hearing opportunity. The assessee was ordered to pay Rs. 3000 costs to Prime Minister's relief fund. Case-Laws Income Tax Wed, 12 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772825