https://www.taxtmi.com/caselaws?id=62891 Interest credited to a Non-Resident External Account was exempt where the account was maintained under the foreign exchange framework for a person resident outside India; the saving-certificate exemption did not apply because the receipt was not from saving certificates. Foreign remittances and accretions credited to that account were not taxable income merely because they were deposited there, since the statutory scheme treated the funds as regulated account credits for permitted purposes. Immovable properties and related assets were also exempt from wealth-tax where they were clearly dedicated to charitable use and held under an enforceable charitable obligation, even without a formal trust deed. en-us Fri, 14 Aug 1992 00:00:00 +0530 Tue, 22 Feb 2011 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62891 Interest credited to a Non-Resident External Account was exempt where the account was maintained under the foreign exchange framework for a person resident outside India; the saving-certificate exemption did not apply because the receipt was not from saving certificates. Foreign remittances and accretions credited to that account were not taxable income merely because they were deposited there, since the statutory scheme treated the funds as regulated account credits for permitted purposes. Immovable properties and related assets were also exempt from wealth-tax where they were clearly dedicated to charitable use and held under an enforceable charitable obligation, even without a formal trust deed. Case-Laws Income Tax Fri, 14 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62891