https://www.taxtmi.com/caselaws?id=68768 The Tribunal allowed the assessee's appeal, granting the status of 'resident but not ordinarily resident' for the assessment year. The decision was based on the specific conditions outlined in the law and the impact of legislative amendments affecting residential status determination. The Tribunal rejected the lower authority's interpretation, emphasizing the substantive implications of the amendment on the assessee's tax liability and residential status. The decision highlighted the principle of prospective application of statutes and the importance of strict interpretation of taxing laws. en-us Fri, 30 Jun 2006 00:00:00 +0530 Wed, 12 Jun 2013 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68768 The Tribunal allowed the assessee's appeal, granting the status of 'resident but not ordinarily resident' for the assessment year. The decision was based on the specific conditions outlined in the law and the impact of legislative amendments affecting residential status determination. The Tribunal rejected the lower authority's interpretation, emphasizing the substantive implications of the amendment on the assessee's tax liability and residential status. The decision highlighted the principle of prospective application of statutes and the importance of strict interpretation of taxing laws. Case-Laws Income Tax Fri, 30 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68768