https://www.taxtmi.com/caselaws?id=773770 Residence under FERA depends on whether a citizen staying abroad shows an intention to remain outside India for an uncertain period. On the facts, the daughters' long stays in the United States, including marriage and study or family-related reasons, supported the finding that they were persons resident outside India, not resident in India. Once that status was established, the foreign exchange restrictions applied to the transactions undertaken without prior RBI approval. The adverse inferences and presumptions drawn from the record were accepted, the contraventions were upheld, and the penalties were not interfered with because no perversity or legal infirmity was shown. en-us Thu, 26 Jun 2025 00:00:00 +0530 Sat, 28 Jun 2025 08:31:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773770 Residence under FERA depends on whether a citizen staying abroad shows an intention to remain outside India for an uncertain period. On the facts, the daughters' long stays in the United States, including marriage and study or family-related reasons, supported the finding that they were persons resident outside India, not resident in India. Once that status was established, the foreign exchange restrictions applied to the transactions undertaken without prior RBI approval. The adverse inferences and presumptions drawn from the record were accepted, the contraventions were upheld, and the penalties were not interfered with because no perversity or legal infirmity was shown. Case-Laws FEMA Thu, 26 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773770