https://www.taxtmi.com/caselaws?id=793420 Persons staying in India for more than 182 days in the preceding financial year, entering on business visas, carrying on business in India, and routing property consideration and inward remittances through banking channels supported by FIRC certificates fall within the FEMA definition of persons resident in India where statutory exceptions do not apply. RBI clarification and the evidentiary record supported residential status. Consequently, FEMA regulations governing the impugned investment, capital-account, immovable-property and establishment transactions were inapplicable, violations were not established, and confiscation and penalties were set aside. 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 Persons staying in India for more than 182 days in the preceding financial year, entering on business visas, carrying on business in India, and routing property consideration and inward remittances through banking channels supported by FIRC certificates fall within the FEMA definition of persons resident in India where statutory exceptions do not apply. RBI clarification and the evidentiary record supported residential status. Consequently, FEMA regulations governing the impugned investment, capital-account, immovable-property and establishment transactions were inapplicable, violations were not established, and confiscation and penalties were set aside. Case-Laws FEMA Tue, 09 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793420