https://www.taxtmi.com/highlights?id=73092 Reopening of assessment - investment out of foreign funds in the assessee’s NRE Accounts - investment in time deposit and mutual funds - Undisputedly, the funds came from NRE Accounts and the source therefore was beyond the reach of the authorities. Even on reading the provisions of section 10(4), it is apparent that such incomes are exempt from being included in the total income. - Notices and order u/s 148A quashed - HC en-us Sat, 18 Nov 2023 16:24:06 +0530 Tue, 28 Nov 2023 16:52:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73092 Reopening of assessment - investment out of foreign funds in the assessee’s NRE Accounts - investment in time deposit and mutual funds - Undisputedly, the funds came from NRE Accounts and the source therefore was beyond the reach of the authorities. Even on reading the provisions of section 10(4), it is apparent that such incomes are exempt from being included in the total income. - Notices and order u/s 148A quashed - HC Highlights Income Tax Sat, 18 Nov 2023 16:24:06 +0530 https://www.taxtmi.com/highlights?id=73092