https://www.taxtmi.com/caselaws?id=100323 For exchange-control purposes, "resident in India" was construed to mean a person staying with the intention of remaining for an uncertain or indefinite period, not a foreign national on a fixed-term stay in India with permanent residence and assets abroad. On that construction, the prohibitions and repatriation obligations under the 1947 Act did not apply to the appellants, although the traveller-cheque contravention remained unaffected because the foreign exchange was held while physically in India. The commentary also notes that the Delhi High Court treated the appeals as maintainable under section 54, using the residence-based forum rule to avoid defeating appellate access. en-us Thu, 20 May 1982 00:00:00 +0530 Tue, 31 Jan 2012 18:47:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100323 For exchange-control purposes, "resident in India" was construed to mean a person staying with the intention of remaining for an uncertain or indefinite period, not a foreign national on a fixed-term stay in India with permanent residence and assets abroad. On that construction, the prohibitions and repatriation obligations under the 1947 Act did not apply to the appellants, although the traveller-cheque contravention remained unaffected because the foreign exchange was held while physically in India. The commentary also notes that the Delhi High Court treated the appeals as maintainable under section 54, using the residence-based forum rule to avoid defeating appellate access. Case-Laws Companies Law Thu, 20 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100323