https://www.taxtmi.com/caselaws?id=783426 The ITAT Ahmedabad allowed the assessee's appeal, deleting the addition made as unexplained money under s. 69A in respect of new capital introduced during the year. The assessee demonstrated that the impugned amount was remitted from an overseas bank account to an Indian bank account and represented funds arising from long-term capital gains on sale of shares in an earlier assessment year, which had already been disclosed and assessed under s. 143(3). The Tribunal held that the source of the remittance was satisfactorily established and no addition was warranted. en-us Thu, 11 Dec 2025 00:00:00 +0530 Tue, 16 Dec 2025 08:19:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783426 The ITAT Ahmedabad allowed the assessee's appeal, deleting the addition made as unexplained money under s. 69A in respect of new capital introduced during the year. The assessee demonstrated that the impugned amount was remitted from an overseas bank account to an Indian bank account and represented funds arising from long-term capital gains on sale of shares in an earlier assessment year, which had already been disclosed and assessed under s. 143(3). The Tribunal held that the source of the remittance was satisfactorily established and no addition was warranted. Case-Laws Income Tax Thu, 11 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783426