https://www.taxtmi.com/caselaws?id=792699 Under the Black Money Act, an addition relating to sale proceeds of a foreign house property was challenged on the basis that the property was acquired while the assessee was non-resident, the proceeds were disclosed in the USA, and no taxable gain arose in India. The appellate record, however, lacked conclusive evidence on the assessee's residential status, source of funds for acquisition, and repayment of the foreign mortgage loan. As the assessee sought one further opportunity to produce supporting material and the dispute was old, the Tribunal remitted the matter to the CIT(A) for de novo adjudication with proper hearing, leaving the merits of the addition and legal objections open. en-us Thu, 02 Apr 2026 00:00:00 +0530 Tue, 02 Jun 2026 08:47:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792699 Under the Black Money Act, an addition relating to sale proceeds of a foreign house property was challenged on the basis that the property was acquired while the assessee was non-resident, the proceeds were disclosed in the USA, and no taxable gain arose in India. The appellate record, however, lacked conclusive evidence on the assessee's residential status, source of funds for acquisition, and repayment of the foreign mortgage loan. As the assessee sought one further opportunity to produce supporting material and the dispute was old, the Tribunal remitted the matter to the CIT(A) for de novo adjudication with proper hearing, leaving the merits of the addition and legal objections open. Case-Laws Income Tax Thu, 02 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792699