https://www.taxtmi.com/caselaws?id=791923 Where a non-resident taxpayer substantiates foreign income, tax residency, bank trail and accumulated savings with documentary evidence, remittances to India cannot be treated as unexplained under section 69. The transfer of funds from the foreign bank account, being traceable to explained income and savings, defeated the addition for alleged unexplained remittances. On the same evidence, investment in immovable property funded from those remittances was also not taxable as unexplained investment, since the source stood established and the payment record and receipts were on file. Both additions were deleted on facts. en-us Mon, 20 Apr 2026 00:00:00 +0530 Wed, 20 May 2026 08:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791923 Where a non-resident taxpayer substantiates foreign income, tax residency, bank trail and accumulated savings with documentary evidence, remittances to India cannot be treated as unexplained under section 69. The transfer of funds from the foreign bank account, being traceable to explained income and savings, defeated the addition for alleged unexplained remittances. On the same evidence, investment in immovable property funded from those remittances was also not taxable as unexplained investment, since the source stood established and the payment record and receipts were on file. Both additions were deleted on facts. Case-Laws Income Tax Mon, 20 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791923