Wife paid Rs 58 lakh from Indian bank a/c, husband paid Rs 80 lakh from UAE bank a/c for property purchase; she gets tax notice for unexplained investment, wins case in ITAT Mumbai for this reason

When Mr and Mrs Saudagar from Mahim West, Mumbai purchased a property in India for Rs 1.4 crore, Mrs Saudagar landed in a dispute with the Income Tax Department. She had paid Rs 58.5 lakh from her Indian bank account, while her husband, who was working in Dubai, UAE, sent the remaining Rs 80 lakh directly to the seller through a Dubai Exchange Bureau.

During her assessment, the Income Tax Department accepted the payments made from Mrs Saudagar's bank account but raised questions about the Rs 80 lakh her husband paid directly to the property seller through the Dubai Exchange Bureau.