Rajendra Babasaheb Wabale vs. ITO Intl Tax, Nashik

Parties Involved

Facts Summary

Rajendra Babasaheb Wabale, an NRI and Ex-Serviceman retired from Indian Navy, filed an appeal against the order of the Commissioner of Income Tax (Appeals), Pune for Assessment Year 2023-24. The assessee had purchased an immovable property through his Axis bank NRE account. The Assessing Officer (AO) alleged cash payments to the builder based on documents found during a search in the case of the builder Viraj Estate. The assessee denied any cash payments and claimed the addition was baseless without any evidence. The Authorized Representative for the Assessee relied on a similar case where the addition was deleted.…

Legal Issues

• 1. Whether the addition made by the AO for cash payments to the builder is justified?

Judgment Outcome

Decided in favour of Assessee.

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