https://www.taxtmi.com/caselaws?id=58161 Interest on a Non-Resident (External) Account was not exempt under section 10(4A) for the years before 1 April 1982 where the assessee was resident but not ordinarily resident. The expression "non-resident" in section 10(4A) was held to take its meaning from the Income-tax Act, 1961, specifically section 2(30), because the Act's internal definitions apply unless the context requires otherwise. The context did not justify borrowing the Foreign Exchange Regulation Act definition of "person resident outside India". The later amendment substituting that expression from 1 April 1982 was treated as confirming that the earlier exemption applied only to persons non-resident under the Income-tax Act. en-us Wed, 19 Dec 1984 00:00:00 +0530 Fri, 17 Dec 2010 16:31:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58161 Interest on a Non-Resident (External) Account was not exempt under section 10(4A) for the years before 1 April 1982 where the assessee was resident but not ordinarily resident. The expression "non-resident" in section 10(4A) was held to take its meaning from the Income-tax Act, 1961, specifically section 2(30), because the Act's internal definitions apply unless the context requires otherwise. The context did not justify borrowing the Foreign Exchange Regulation Act definition of "person resident outside India". The later amendment substituting that expression from 1 April 1982 was treated as confirming that the earlier exemption applied only to persons non-resident under the Income-tax Act. Case-Laws Income Tax Wed, 19 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58161