https://www.taxtmi.com/caselaws?id=120723 The Tribunal determined that the assessee qualified as a Resident but Not Ordinarily Resident (RNOR) for the assessment year 2001-02 based on meeting the conditions under Section 6(6) of the Income-tax Act. Income from exercising stock options was deemed taxable in India as salary income since the options were granted and exercised in India. Consequently, the assessee was denied a refund of Tax Deducted at Source (TDS) for the assessment year 2000-01. The Tribunal partially granted the assessee's appeal for the assessment year 2001-02 and upheld the revenue's appeal for the assessment year 2000-01. en-us Mon, 31 Dec 2007 00:00:00 +0530 Mon, 23 Jul 2012 17:29:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120723 The Tribunal determined that the assessee qualified as a Resident but Not Ordinarily Resident (RNOR) for the assessment year 2001-02 based on meeting the conditions under Section 6(6) of the Income-tax Act. Income from exercising stock options was deemed taxable in India as salary income since the options were granted and exercised in India. Consequently, the assessee was denied a refund of Tax Deducted at Source (TDS) for the assessment year 2000-01. The Tribunal partially granted the assessee's appeal for the assessment year 2001-02 and upheld the revenue's appeal for the assessment year 2000-01. Case-Laws Income Tax Mon, 31 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120723