Assessee a resident of Thailand Holding Residency Certificate. Earning income from investments in mutual funds in India. Assessing Officer in draft order making additions of investments in mutual funds. Dispute Resolution Panel directing Assessing Officer to pass speaking order after examining explanation of assessee regarding source of investment. Assessing Officer passing final assessment order holding that no reply was received from mutual Funds And Repeating Additions Made In Draft Assessment Order-tax residency certificate on record. AO is directed to follow the Directions of Dispute Resolution Panel. (AY.2013-14, 2016-17)
Veeratham Sachdev v. Dy. CIT (IT) (2024)112 ITR 79 (SN)(Delhi)(Trib)
S. 144C : Reference to dispute resolution panel-Assessment-Eligible assessee-Resident Of Thailand Holding Residency Certificate-Matter remanded to Assessing Officer to pass speaking order duly following directions of Dispute Resolution Panel.[S. 143(3)]