https://www.taxtmi.com/caselaws?id=13283 Exemption for credits in an NRE account depended on cogent proof that the income accrued or arose outside India and that the deposit was made in accordance with the foreign exchange law; deposits supported only by vague vouchers or bank certificates did not satisfy that burden, and the related interest was not exempt. The addition for unexplained investment in shares was deleted because the allotment, books and balance-sheets explained the source of investment. The block assessment computation was also sustained as consistent with the statutory scheme, including the prescribed deduction framework. en-us Wed, 25 Jan 2006 00:00:00 +0530 Sun, 02 May 2010 23:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13283 Exemption for credits in an NRE account depended on cogent proof that the income accrued or arose outside India and that the deposit was made in accordance with the foreign exchange law; deposits supported only by vague vouchers or bank certificates did not satisfy that burden, and the related interest was not exempt. The addition for unexplained investment in shares was deleted because the allotment, books and balance-sheets explained the source of investment. The block assessment computation was also sustained as consistent with the statutory scheme, including the prescribed deduction framework. Case-Laws Income Tax Wed, 25 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13283