https://www.taxtmi.com/caselaws?id=70192 The Tribunal ruled in favor of the assessee, directing the deletion of the Rs. 20,150 addition representing remittances from Ceylon. The Tribunal found that the assessee had sufficient foreign wealth to support the remittances and distinguished the case from the cited Madras High Court ruling. It was concluded that the amount could have been legitimately remitted to India, leading to the deletion of the addition from the assessee's income. en-us Tue, 13 Nov 1979 00:00:00 +0530 Thu, 14 Apr 2011 17:40:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70192 The Tribunal ruled in favor of the assessee, directing the deletion of the Rs. 20,150 addition representing remittances from Ceylon. The Tribunal found that the assessee had sufficient foreign wealth to support the remittances and distinguished the case from the cited Madras High Court ruling. It was concluded that the amount could have been legitimately remitted to India, leading to the deletion of the addition from the assessee's income. Case-Laws Income Tax Tue, 13 Nov 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70192