https://www.taxtmi.com/caselaws?id=772695 The SC examined the taxability of Rs. 28,69,580 received from a non-resident as loan repayment. The court held that receipts from outside India, when adequately explained as loan repayments and without other Indian income sources, cannot be treated as unexplained income under sections 69A and 115BBE. The appeal was allowed, with the addition deleted, emphasizing that absence of bank statements does not automatically render foreign remittances taxable in India. en-us Fri, 06 Jun 2025 00:00:00 +0530 Wed, 11 Jun 2025 17:09:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772695 The SC examined the taxability of Rs. 28,69,580 received from a non-resident as loan repayment. The court held that receipts from outside India, when adequately explained as loan repayments and without other Indian income sources, cannot be treated as unexplained income under sections 69A and 115BBE. The appeal was allowed, with the addition deleted, emphasizing that absence of bank statements does not automatically render foreign remittances taxable in India. Case-Laws Income Tax Fri, 06 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772695