https://www.taxtmi.com/caselaws?id=793420 Residence status under FEMA turned on whether the respondents fell within the statutory definition of "person resident in India" under Section 2(v). On the stated facts, their stay in India for more than 182 days, business visa entry, business activity in India, RBI clarification, and routing of consideration and remittances through banking channels with FIRC support took the matter outside the statutory exceptions. As a result, the immovable property, capital account, investment and establishment regulations were treated as inapplicable, and no perversity or legal error in the Tribunal's appreciation of evidence was shown. The note states that the finding of no FEMA violation and the setting aside of confiscation and penalty were upheld. en-us Tue, 09 Jun 2026 00:00:00 +0530 Tue, 16 Jun 2026 08:32:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793420 Residence status under FEMA turned on whether the respondents fell within the statutory definition of "person resident in India" under Section 2(v). On the stated facts, their stay in India for more than 182 days, business visa entry, business activity in India, RBI clarification, and routing of consideration and remittances through banking channels with FIRC support took the matter outside the statutory exceptions. As a result, the immovable property, capital account, investment and establishment regulations were treated as inapplicable, and no perversity or legal error in the Tribunal's appreciation of evidence was shown. The note states that the finding of no FEMA violation and the setting aside of confiscation and penalty were upheld. Case-Laws FEMA Tue, 09 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793420