https://www.taxtmi.com/caselaws?id=776986 ITAT MUMBAI - AT allowed the non-resident taxpayer's appeal, deleting the addition of amounts standing to credit in a foreign bank account (HSBC Geneva). The tribunal held there was no real and intimate business connection in India and no direct evidence of business activity in India giving rise to the income; mere Indian address was insufficient to establish a taxable nexus. The DRP's charge failed legal rigour and was set aside. en-us Tue, 29 Jul 2025 00:00:00 +0530 Fri, 22 Aug 2025 08:33:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776986 ITAT MUMBAI - AT allowed the non-resident taxpayer's appeal, deleting the addition of amounts standing to credit in a foreign bank account (HSBC Geneva). The tribunal held there was no real and intimate business connection in India and no direct evidence of business activity in India giving rise to the income; mere Indian address was insufficient to establish a taxable nexus. The DRP's charge failed legal rigour and was set aside. Case-Laws Income Tax Tue, 29 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776986