https://www.taxtmi.com/caselaws?id=13702 Credits in a joint savings bank account could not be fastened solely to the assessee as unexplained income where the Tribunal's view was followed in an earlier year on the same facts. The Court also treated the purchase of US dollars through remittances received by demand draft from abroad as protected by the statutory foreign exchange remittance immunity scheme; section 3(1) barred inquiry into the nature and source of those remittances, while section 4 and the CBDT circular reinforced that they could not be used prejudicially in income-tax assessment. On that basis, the additions were held unsustainable. en-us Wed, 02 Mar 2005 00:00:00 +0530 Wed, 01 Jul 2009 17:05:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13702 Credits in a joint savings bank account could not be fastened solely to the assessee as unexplained income where the Tribunal's view was followed in an earlier year on the same facts. The Court also treated the purchase of US dollars through remittances received by demand draft from abroad as protected by the statutory foreign exchange remittance immunity scheme; section 3(1) barred inquiry into the nature and source of those remittances, while section 4 and the CBDT circular reinforced that they could not be used prejudicially in income-tax assessment. On that basis, the additions were held unsustainable. Case-Laws Income Tax Wed, 02 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13702