https://www.taxtmi.com/caselaws?id=379089 The High Court dismissed the appeals, upholding the Tribunal's decision regarding the residency status of the assessee for the assessment year 2006-07. The Court emphasized the factual findings related to the assessee's visits to India, source of funds deposited in foreign bank accounts, and interpretation of relevant provisions of the Income Tax Act, 1961. The Tribunal's deletion of additions made under Sections 68 and 69 was upheld, as it was established that the assessee, not being an ordinary resident, and the funds earned overseas were not taxable in India. en-us Mon, 22 Apr 2019 00:00:00 +0530 Tue, 21 Jul 2020 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379089 The High Court dismissed the appeals, upholding the Tribunal's decision regarding the residency status of the assessee for the assessment year 2006-07. The Court emphasized the factual findings related to the assessee's visits to India, source of funds deposited in foreign bank accounts, and interpretation of relevant provisions of the Income Tax Act, 1961. The Tribunal's deletion of additions made under Sections 68 and 69 was upheld, as it was established that the assessee, not being an ordinary resident, and the funds earned overseas were not taxable in India. Case-Laws Income Tax Mon, 22 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379089