https://www.taxtmi.com/caselaws?id=457500 A person who stayed mostly in Malaysia for business and visited India only occasionally was treated as a person resident outside India under the statutory definition. On that basis, account entries in his name, drafts received from Malaysia, and management of affairs through a power of attorney supported the finding that the payments, credits and related transactions were made by, on behalf of, or to the credit of a person resident outside India. In relation to the loan transaction, the appellants failed to prove that the advance was made personally to A. Abdul Khader rather than to the proprietorship concern, and an adverse inference was drawn from facts within their special knowledge. Contravention under the Foreign Exchange Regulation Act was established. en-us Wed, 02 Jul 2008 00:00:00 +0530 Fri, 20 Sep 2024 20:58:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457500 A person who stayed mostly in Malaysia for business and visited India only occasionally was treated as a person resident outside India under the statutory definition. On that basis, account entries in his name, drafts received from Malaysia, and management of affairs through a power of attorney supported the finding that the payments, credits and related transactions were made by, on behalf of, or to the credit of a person resident outside India. In relation to the loan transaction, the appellants failed to prove that the advance was made personally to A. Abdul Khader rather than to the proprietorship concern, and an adverse inference was drawn from facts within their special knowledge. Contravention under the Foreign Exchange Regulation Act was established. Case-Laws FEMA Wed, 02 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457500