ITAT Ahmedabad Bank Deposit Case

ITAT Ahmedabad held that NRE account deposits from foreign earnings cannot be taxed as unexplained income The Income Tax Appellate Tribunal (ITAT) held that the addition of Rs 5,52,165 relating to the ICICI Bank account was not justified and therefore it was deleted. However, in respect of Rs 2,49,75,347 in the HDFC Bank account, since…