https://www.taxtmi.com/caselaws?id=70294 Foreign remittances received through bank channels from Singapore could not be denied credit merely on suspicion or by demanding proof of the source of the source. The Tribunal held that unexplained-income deeming provisions cannot be invoked in an omnibus manner without identifying the specific statutory basis and showing how the remittances fall within it, and it noted that the India-Singapore tax treaty, read with section 90(2), favoured the assessee. Credit for the demand drafts was allowed. Claims for tax deducted at source and advance tax credit were not finally decided and were remitted to the assessing authority for verification and disposal in accordance with law. en-us Thu, 20 Mar 1997 00:00:00 +0530 Fri, 15 Apr 2011 12:41:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70294 Foreign remittances received through bank channels from Singapore could not be denied credit merely on suspicion or by demanding proof of the source of the source. The Tribunal held that unexplained-income deeming provisions cannot be invoked in an omnibus manner without identifying the specific statutory basis and showing how the remittances fall within it, and it noted that the India-Singapore tax treaty, read with section 90(2), favoured the assessee. Credit for the demand drafts was allowed. Claims for tax deducted at source and advance tax credit were not finally decided and were remitted to the assessing authority for verification and disposal in accordance with law. Case-Laws Income Tax Thu, 20 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70294