1982 (11) TMI 40

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....the Income-tax Appellate Tribunal is under the W.T. Act, 1957. The question relates to the applicability to the assessee, who figures in this case, of a concessional rate of tax provided for under r. 3 of Pt. II of Sch. I to the Act. This rule provides for the cutting down of the wealth-tax rates by one-half, in case where the assessee is an individual who is not a citizen of India and who is also....

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....e status of a person who is not ordinarily resident in India. Since the assessee in this case belongs to the category of a " not ordinarily resident " individual, it means he cannot come under either category (1) or category (2). It follows, therefore, he cannot claim a concessional rate of taxation under r. 3, as if he is a person not resident in India. The text of the question of law is as un....