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ITAT Partly Clears Indian Expat in Kuwait Over Rs 2.5 Cr Unexplained Deposits

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An Indian national working in Kuwait remitted Rs 1.09 crore to his Indian bank accounts but had not filed an Income Tax Return, drawing scrutiny from tax authorities. The Income Tax Appellate Tribunal reviewed the case after the department flagged substantial deposits in his Indian accounts with no return on record to explain their source. The tribunal deleted an addition of Rs 5.52 lakh, providing partial relief to the taxpayer. However, scrutiny over the remaining Rs 2.5 crore in deposits was upheld for further examination. The absence of an original ITR was central to the dispute, as it left the nature and origin of the funds unexplained in official records.

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ITAT Partly Clears Indian Expat in Kuwait Over Rs 2.5 Cr Unexplained Deposits · ShortSingh