ITAT Mumbai quashes move to tax man’s Rs 19 crore ‘black money’

The Income Tax Appellate Tribunal (ITAT) Mumbai quashed the I-T department's decision to add Rs 19.48 crore to a taxpayer's income, citing that the reassessment was time-barred and lacked sufficient evidence. The case involved an alleged undisclosed foreign bank account revealed through information from the French government.
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