https://www.taxtmi.com/caselaws?id=57963 Section 10(4A) of the Income-tax Act was interpreted to use the Act's own definition of "non-resident" under section 2(30), unless the context required otherwise. The provision did not justify borrowing the Foreign Exchange Regulation Act definition of "person resident outside India". The later Finance Act, 1982 amendment, which replaced "non-resident" with "person resident outside India" and linked that term to FERA, confirmed that the earlier wording applied only to assessees who were non-residents under the Income-tax Act. On that construction, a resident but not ordinarily resident assessee was not entitled to exemption on interest credited to a Non-resident (External) Account. en-us Wed, 19 Dec 1984 00:00:00 +0530 Wed, 15 Dec 2010 16:18:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57963 Section 10(4A) of the Income-tax Act was interpreted to use the Act's own definition of "non-resident" under section 2(30), unless the context required otherwise. The provision did not justify borrowing the Foreign Exchange Regulation Act definition of "person resident outside India". The later Finance Act, 1982 amendment, which replaced "non-resident" with "person resident outside India" and linked that term to FERA, confirmed that the earlier wording applied only to assessees who were non-residents under the Income-tax Act. On that construction, a resident but not ordinarily resident assessee was not entitled to exemption on interest credited to a Non-resident (External) Account. Case-Laws Income Tax Wed, 19 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57963