https://www.taxtmi.com/caselaws?id=788811 An addition for unexplained income arising from deposits in an NRI bank account was held unsustainable where the assessee substantiated that the funds originated from a UAE business account and were routed through an exchange house. The record showed withdrawal of 150,000 AED from the UAE account, remittance through AL Rostamani International Exchange LLC, and corresponding credit in the Indian bank account. On that evidence, the source of the remitted cash stood established, so the deposit could not be treated as unexplained income and the addition was deleted. en-us Thu, 26 Mar 2026 00:00:00 +0530 Sat, 28 Mar 2026 08:57:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788811 An addition for unexplained income arising from deposits in an NRI bank account was held unsustainable where the assessee substantiated that the funds originated from a UAE business account and were routed through an exchange house. The record showed withdrawal of 150,000 AED from the UAE account, remittance through AL Rostamani International Exchange LLC, and corresponding credit in the Indian bank account. On that evidence, the source of the remitted cash stood established, so the deposit could not be treated as unexplained income and the addition was deleted. Case-Laws Income Tax Thu, 26 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788811