Held that the Assessee, a non-resident Indian, had purchased a flat in India with his brother as a co-owner, and payments made were sourced from outside India; further, payments made through a housing loan had been satisfactorily explained assessee, being a non-resident during the year 2015-16, the addition was deleted. (AY. 2015-16)
Nilesh Purshottam Ghodasara v. DCIT (2025) 237 TTJ 618 (Delhi) (Trib.)
S. 69: Unexplained investments-Non-Resident-Investment in property-Co-owner-Source of investment was explained-Addition was deleted.
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