ITAT Ahmedabad grants partial relief in Kuwait-to-India funds case
An Indian national employed in Kuwait faced a tax notice related to reported financial holdings totaling ₹3.63 crore, which included a remittance of ₹1.09 crore from Kuwait to India.
The Income Tax Appellate Tribunal (ITAT) Ahmedabad, in its order, allowed partial relief to the taxpayer.
- Deletion of an addition of ₹5.52 lakh from the assessment, reducing the tax liability on this count.
- Directing fresh verification of approximately ₹2.50 crore linked to a residual HDFC Bank account, indicating the need for further scrutiny before finalizing the assessment.
The decision reflects the tribunal’s careful handling of cross-border fund transfers and bank-linked sums in tax assessments.
