with PNB to his Non-Resident
External Account (NRE) account with BOI. The petitioner earned interest on
fixed deposits from BOI and UCO Bank ... assessee has received Rs. 56,82,929/- as interest on
the deposits made in the NRE account. The claim of the petitioner is that
such
ICICI Bank Savings- 000701092269 Interest of Rs.20,574/- earned
NRE during the relevant assessment
year and the same is exempted ... NRE 000710901559 The said deposit was made on
08-Oct-2018 out of the maturity
proceeds of FDR-NRE Account
N0 000713112046.
Interest
been withdrawn prematurely for making new deposits in NRE accounts. The rule
regarding rate or interest for premature withdrawal of FCNR deposits will be
applicable ... well as others regarding waiver of charging of penal
interest on conversion of NRE deposits into FCNR deposits and vice-versa,
before maturity of deposits
income by virtue of being a Professor and that he has NRE account No. 47 with OBC, Karol Bagh, New Delhi from where ... NRE account No. 47 was kept with Gaurav Gambhir for donor's personal convenience and the latter and his family members have no interest
debit to
NRE/FCNR account maintained with an
authorised dealer in India;
(iii) that no part of remittance represents interest
on the funds received
opinion that is statement should be admitted
in evidence in the interest of justice which was
evidently to make that situation and to confirm ... reasoned order. It is stated that the appellant had infact
purchased NRE cheque for Rs. 5lacs against the payment of Rs.5.60
lacs
resident holding company which resulted in
transferring the controlling interest in downstream Indian subsidiary, was a
device to evade tax. In that context, the Supreme ... Court held
that if an actual controlling Non-Resident Enterprise (NRE) makes an
indirect transfer through abuse of organization form/legal form and without
reasonable
hereafter 'GNCL')
undertook to supply 50,000 MT of NRE Australian Hard Coking Coal of the
agreed specifications from mines at Australia (hereafter ... amended CPA
provided for interest at the rate of 30% per annum compounded monthly, the
arbitrator in his wisdom awarded interest at the rate
present suit arose on 28th
March, 1990 when the plaintiffs opened above NRE Account by
depositing Rs. 4,00,00,000/- and again on 23rd ... said sum of Rs. 2, 00,00,000/- together with interest which the plaintiffs
are justly entitled to."
Digitally Signed
By:MAYANK
Signing Date
Date:04.08.2023
17:56:23
Rs.11,50,00,000/- along with interest under Order XXXVII of Code of Civil
Procedure (hereinafter referred ... loan of Rs.5,00,00,000/- with the
agreed rate of interest @ 13% p.a. The amount
