Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Remittances received by an NRE account holder from non-resident relatives through banking channels, where NRE status and compliance with RBI guidelines are undisputed, were treated as exempt income not includible in total income. Funds credited to NRE accounts were regarded as beyond tax authorities' reach regarding their foreign source. Applying prior High Court rulings, the Tribunal's deletion of additions for unexplained investment and unexplained cash credits under sections 69 and 68 was sustained, and the Revenue's challenge was rejected because no substantial question of law arose.
Remittances received by an NRE account holder from non-resident relatives through banking channels, where NRE status and compliance with RBI guidelines are undisputed, were treated as exempt income not includible in total income. Funds credited to NRE accounts were regarded as beyond tax authorities' reach regarding their foreign source. Applying prior High Court rulings, the Tribunal's deletion of additions for unexplained investment and unexplained cash credits under sections 69 and 68 was sustained, and the Revenue's challenge was rejected because no substantial question of law arose.
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