https://www.taxtmi.com/caselaws?id=119506 The appeal challenging the residential status determination of the assessee was dismissed, affirming the decision that the assessee was categorized as "resident but not ordinarily resident" for the tax year based on the criteria specified in section 6(6)(a) of the Income Tax Act. The exemption under section 10(15)(fa) was denied due to deposits not being in foreign currency. The judgment emphasized the significance of meeting residency and physical presence conditions to be considered "resident and ordinarily resident" for tax purposes. The amendment to section 6(6)(a) was deemed clarificatory and not retroactively applicable. en-us Fri, 13 Apr 2007 00:00:00 +0530 Wed, 11 Jul 2012 14:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119506 The appeal challenging the residential status determination of the assessee was dismissed, affirming the decision that the assessee was categorized as "resident but not ordinarily resident" for the tax year based on the criteria specified in section 6(6)(a) of the Income Tax Act. The exemption under section 10(15)(fa) was denied due to deposits not being in foreign currency. The judgment emphasized the significance of meeting residency and physical presence conditions to be considered "resident and ordinarily resident" for tax purposes. The amendment to section 6(6)(a) was deemed clarificatory and not retroactively applicable. Case-Laws Income Tax Fri, 13 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119506