https://www.taxtmi.com/caselaws?id=467317 A person who stays in India for more than 182 days in the preceding financial year but takes up employment outside India during that year does not qualify as a "person resident in India" under FEMA. As a person resident outside India, prior RBI permission is required to acquire immovable property in India, and acquisition without that permission contravenes the applicable immovable property regulations. The document states that such contravention supports penalty and confiscation under FEMA, and the challenge to the adjudication failed. en-us Thu, 07 Mar 2024 00:00:00 +0530 Sat, 14 Mar 2026 18:48:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467317 A person who stays in India for more than 182 days in the preceding financial year but takes up employment outside India during that year does not qualify as a "person resident in India" under FEMA. As a person resident outside India, prior RBI permission is required to acquire immovable property in India, and acquisition without that permission contravenes the applicable immovable property regulations. The document states that such contravention supports penalty and confiscation under FEMA, and the challenge to the adjudication failed. Case-Laws FEMA Thu, 07 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467317