https://www.taxtmi.com/caselaws?id=796828 Foreign remittances credited to an undisputed NRE account through banking channels and in accordance with RBI guidelines could not support additions for unexplained investment or unexplained cash credits. Income in NRE accounts is exempt, and the source of qualifying foreign remittances lies beyond the reach of domestic authorities. Consequently, mutual-fund investments funded from wire transfers by non-resident relatives through the NRE account did not justify additions under Sections 69 or 68 of the Income-tax Act, 1961. en-us Mon, 03 Aug 2026 00:00:00 +0530 Tue, 11 Aug 2026 08:47:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796828 Foreign remittances credited to an undisputed NRE account through banking channels and in accordance with RBI guidelines could not support additions for unexplained investment or unexplained cash credits. Income in NRE accounts is exempt, and the source of qualifying foreign remittances lies beyond the reach of domestic authorities. Consequently, mutual-fund investments funded from wire transfers by non-resident relatives through the NRE account did not justify additions under Sections 69 or 68 of the Income-tax Act, 1961. Case-Laws Income Tax Mon, 03 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796828