https://www.taxtmi.com/caselaws?id=168279 Section 6(6) was applied to treat a returning individual as resident but not ordinarily resident where the statutory tests for ordinary residence were not both satisfied. Foreign-source income from overseas investments was outside Indian tax unless it was received or deemed to accrue in India, while a foreign currency fixed deposit remained taxable only on receipt or enforcement in India. Proposed sale of foreign holdings and purchase of new foreign units did not attract Indian capital gains or income tax on the stated facts. Interest and unit income from specified Indian deposits and units were exempt or eligible for concessional taxation only if the prescribed statutory and procedural conditions were met; the claim under section 115AC was unavailable. en-us Mon, 14 Aug 1995 00:00:00 +0530 Fri, 23 Oct 2015 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168279 Section 6(6) was applied to treat a returning individual as resident but not ordinarily resident where the statutory tests for ordinary residence were not both satisfied. Foreign-source income from overseas investments was outside Indian tax unless it was received or deemed to accrue in India, while a foreign currency fixed deposit remained taxable only on receipt or enforcement in India. Proposed sale of foreign holdings and purchase of new foreign units did not attract Indian capital gains or income tax on the stated facts. Interest and unit income from specified Indian deposits and units were exempt or eligible for concessional taxation only if the prescribed statutory and procedural conditions were met; the claim under section 115AC was unavailable. Case-Laws Income Tax Mon, 14 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168279