https://www.taxtmi.com/caselaws?id=211931 Reassessment validity was tested against the Supreme Court principle in Rajesh Jhaveri Stock Brokers P. Ltd., and the challenge to reopening and the section 143(2) notices in reassessment proceedings was not sustained. On concessional taxation under Chapter XII-A, including section 115E, the assessee's residential status was determined on the facts, and the incorrect description in the return did not change the substantive position. Applying section 6(6)(a), the assessee was treated as not ordinarily resident for the relevant years and therefore eligible for the intended non-resident Indian tax benefit on investment income from bank deposits; the Revenue's procedural objection did not defeat that entitlement. en-us Tue, 07 Feb 2012 00:00:00 +0530 Tue, 10 Apr 2012 21:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211931 Reassessment validity was tested against the Supreme Court principle in Rajesh Jhaveri Stock Brokers P. Ltd., and the challenge to reopening and the section 143(2) notices in reassessment proceedings was not sustained. On concessional taxation under Chapter XII-A, including section 115E, the assessee's residential status was determined on the facts, and the incorrect description in the return did not change the substantive position. Applying section 6(6)(a), the assessee was treated as not ordinarily resident for the relevant years and therefore eligible for the intended non-resident Indian tax benefit on investment income from bank deposits; the Revenue's procedural objection did not defeat that entitlement. Case-Laws Income Tax Tue, 07 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211931