https://www.taxtmi.com/caselaws?id=236219 A returning Indian national who had indicated by his own correspondence that he was exploring resettlement in India, while leaving open the possibility of a later overseas assignment, was treated as resident because the surrounding conduct showed an intended stay for an uncertain period. On that basis, Section 2(p)(ii)(c) of the Foreign Exchange Regulation Act, 1973, read with Regulation A.15 of the Exchange Control Manual, required redesignation of his Non-Resident External account as a resident account. The redesignation was therefore valid. en-us Thu, 07 Feb 2013 00:00:00 +0530 Mon, 19 Aug 2013 06:35:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236219 A returning Indian national who had indicated by his own correspondence that he was exploring resettlement in India, while leaving open the possibility of a later overseas assignment, was treated as resident because the surrounding conduct showed an intended stay for an uncertain period. On that basis, Section 2(p)(ii)(c) of the Foreign Exchange Regulation Act, 1973, read with Regulation A.15 of the Exchange Control Manual, required redesignation of his Non-Resident External account as a resident account. The redesignation was therefore valid. Case-Laws FEMA Thu, 07 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236219