https://www.taxtmi.com/caselaws?id=781661 Additions for a foreign bank account balance and a payment of Rs. 57,00,000 were found unsustainable where the account was shown to belong to a family trust, the assessee was not established as the source of funds or a beneficial owner, and the Swiss authorities confirmed that neither the assessee nor his wife had beneficial interest in the accounts. The payment was also traced to declared sources under the family arrangement arising from the will and related fund flow. Following an earlier coordinate Bench ruling on identical facts, the additions were deleted for want of a factual basis. en-us Tue, 24 Jun 2025 00:00:00 +0530 Wed, 19 Nov 2025 08:52:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781661 Additions for a foreign bank account balance and a payment of Rs. 57,00,000 were found unsustainable where the account was shown to belong to a family trust, the assessee was not established as the source of funds or a beneficial owner, and the Swiss authorities confirmed that neither the assessee nor his wife had beneficial interest in the accounts. The payment was also traced to declared sources under the family arrangement arising from the will and related fund flow. Following an earlier coordinate Bench ruling on identical facts, the additions were deleted for want of a factual basis. Case-Laws Income Tax Tue, 24 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781661