https://www.taxtmi.com/caselaws?id=786053 Undisclosed foreign investments must be supported by reliable evidence of the source and nature of funds; mere book entries or asserted explanations are insufficient without confirmations from the alleged lenders or investors. Compounding under FEMA does not bar independent examination under black money and income-tax laws, so the source of foreign assets remains open to verification on those laws' own requirements. Where the record is incomplete, appellate deletion cannot be sustained and the matter may be remanded for fresh verification and decision on merits. en-us Tue, 30 Dec 2025 00:00:00 +0530 Thu, 05 Feb 2026 09:16:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786053 Undisclosed foreign investments must be supported by reliable evidence of the source and nature of funds; mere book entries or asserted explanations are insufficient without confirmations from the alleged lenders or investors. Compounding under FEMA does not bar independent examination under black money and income-tax laws, so the source of foreign assets remains open to verification on those laws' own requirements. Where the record is incomplete, appellate deletion cannot be sustained and the matter may be remanded for fresh verification and decision on merits. Case-Laws Income Tax Tue, 30 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786053