https://www.taxtmi.com/caselaws?id=28742 Rule 3 of Part II of Schedule I to the Wealth-tax Act grants the concessional rate only to an individual who is not a citizen of India and is also not resident in India. The Act treats residence as three mutually exclusive categories: resident, not resident, and not ordinarily resident. A person classified as not ordinarily resident cannot be treated as not resident for this concession. As the assessee was admittedly not ordinarily resident in India, the statutory condition of being not resident in India was not met, and the concessional rate was therefore unavailable. en-us Wed, 17 Nov 1982 00:00:00 +0530 Thu, 25 Feb 2010 13:04:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28742 Rule 3 of Part II of Schedule I to the Wealth-tax Act grants the concessional rate only to an individual who is not a citizen of India and is also not resident in India. The Act treats residence as three mutually exclusive categories: resident, not resident, and not ordinarily resident. A person classified as not ordinarily resident cannot be treated as not resident for this concession. As the assessee was admittedly not ordinarily resident in India, the statutory condition of being not resident in India was not met, and the concessional rate was therefore unavailable. Case-Laws Wealth-tax Wed, 17 Nov 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28742