2014 (7) TMI 1175

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.... For the Respondent : Mr. Nageswar Rao and Mr. Sandeep S. Karhail, Advocates. O R D E R Two issues have been raised in the present appeal by the Revenue impugning order dated 24th May, 2013 passed by the Income Tax Appellate Tribunal (Tribunal). The first issue pertains to hypothetical tax and is covered by decision of this Court in ITA No. 1308/2008 titled Commissioner of Income Tax versu....

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....remain in employment of the said company, i.e., from 9th January, 2004 till at least 8th January, 2007. On 1st April, 2006, the respondent-assessee was sent on deputation to the Indian Liaison Office of Technologies International Operation, USA and during the assessment year in question, i.e., 2007-08, was a resident and not an ordinary resident in India. The respondent-assessee exercised the stoc....