https://www.taxtmi.com/caselaws?id=61763 The Appellate Tribunal ITAT COCHIN allowed the appeal, granting the assessee exemption under section 5(1)(xxxiii) of the Wealth-tax Act, 1957. The Tribunal held that the assessee, a senior Central Government officer returning to India from a deputation abroad, satisfied the conditions for exemption, emphasizing that prior settlement in a foreign country was not a prerequisite for claiming the exemption. The judgment underscored that the intention of permanently residing in India sufficed for eligibility, rejecting the revenue's argument for additional settlement requirements in a foreign country. en-us Fri, 30 Nov 1984 00:00:00 +0530 Fri, 14 Jan 2011 17:48:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61763 The Appellate Tribunal ITAT COCHIN allowed the appeal, granting the assessee exemption under section 5(1)(xxxiii) of the Wealth-tax Act, 1957. The Tribunal held that the assessee, a senior Central Government officer returning to India from a deputation abroad, satisfied the conditions for exemption, emphasizing that prior settlement in a foreign country was not a prerequisite for claiming the exemption. The judgment underscored that the intention of permanently residing in India sufficed for eligibility, rejecting the revenue's argument for additional settlement requirements in a foreign country. Case-Laws Wealth-tax Fri, 30 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61763