certificate, which indicated that interest on FDRs in Non Resident External (NRE) Account was exempt under Section 10(4). The facts of the case ... filed the returns of income claiming therein interest on FDRs in NRE account amounting
Singapore or in India. It is
surprising that he has accounts NRE & NRO with Baharat
Overseas Bank, Fort, Mumbai. His status as certified ... Euro 514791 were effected from Singapore
into the NRE account of R.P.Modani. Out of said amount US$
634140 was remitted
unexplained deposits in the NRE accounts of the respondent was erroneous in law. Accordingly, on 13th Aug., 2001, the Court while admitting the appeal, formulated ... foreign exchange increased and was thereafter deposited by him in his NRE accounts during the block period. He submitted that under the notifications issued under
total sum of Rs. 2 lakhs withdrawn from the NRE account of Shri Kunheedutty, there was nothing to corelate the withdrawal with
the investment ... total sum of Rs. 5 lakhs withdrawn from the NRE account of Shri Kunheedutty on 30th Nov., 1991. As per the document
lakh by way of cheque drawn on NRE account of Shri Subhash Sethi bearing No. 320169733 on American Express Bank, New Delhi. Subsequently, Shri Subhash ... Mittal agreed to arrange the funds to be deposited in the NRE account. Even the initial deposit was made by Mr. Mittal. According to Shri
that one Shri Sanjeev Goyal, holding Power of Attorney to operate NRE account of Shri Vinod Goyal, was operatig the NRE account without following procedure ... remained in the account and since there is nothing in the bank account the Reserve bank of India de-blocked the account
submitted that Shri Gurvinderpal Singh has made the gift from his NRE account in favour of Shri Aditya Kumar, minor son of the assessee ... through cheque from the donors NRE account and realized its value through banking channel in order to utilize the amount of gift as per details
Vinod Goel brought foreign exchange in India and deposited in NRE account was not acceptable because he did not obtain Currency Declaration Form ... transfer from Non-resident (External) Account. Foreign Currency Non-resident Account or Foreign Currency Nonresident Special Deposit Account maintained in India under the rules made
cash credits not accepted by the assessing officer, withdrawals from NRE account of the assessee not accepted as source and a residential house built ... account with Canara Bank. The withdrawal from these accounts is mainly for the purpose of his investments in India and household expenditure. Relevant bank accounts
account into a resident account at the option of the Account Holders.
But as the assessee was entitled to joint FCNR(B) accounts with ... NRE
account or redesignate the account as a resident account, at the option of the
account holders. Opening of these accounts by a non-resident
