https://www.taxtmi.com/caselaws?id=796319 Residential status must be determined by applying the statutory test for the period of stay in India to passport material. Cash withdrawals from a disclosed business account cannot be treated as unexplained expenditure without clear findings on the alleged expenditure and proper consideration of the stated business use and supporting evidence; the related special-rate taxation also requires verification. The residential-status determination, cash-withdrawal addition and consequential taxation were set aside for fresh adjudication. Housing-loan interest, specified investment and savings-bank interest deductions also required consideration against supporting evidence and were restored for verification. All disputed assessment issues require de novo determination through a reasoned order after adequate opportunity to the assessee. en-us Wed, 29 Jul 2026 00:00:00 +0530 Tue, 04 Aug 2026 08:39:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796319 Residential status must be determined by applying the statutory test for the period of stay in India to passport material. Cash withdrawals from a disclosed business account cannot be treated as unexplained expenditure without clear findings on the alleged expenditure and proper consideration of the stated business use and supporting evidence; the related special-rate taxation also requires verification. The residential-status determination, cash-withdrawal addition and consequential taxation were set aside for fresh adjudication. Housing-loan interest, specified investment and savings-bank interest deductions also required consideration against supporting evidence and were restored for verification. All disputed assessment issues require de novo determination through a reasoned order after adequate opportunity to the assessee. Case-Laws Income Tax Wed, 29 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796319