{"id":7158,"date":"2019-09-08T14:45:34","date_gmt":"2019-09-08T14:45:34","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-binod-kumar-singh-2019-178-dtr-49-264-taxman-335-bomhcwww-itatonline-org\/"},"modified":"2020-10-10T12:16:20","modified_gmt":"2020-10-10T12:16:20","slug":"pcit-v-binod-kumar-singh-2019-178-dtr-49-264-taxman-335-bomhcwww-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-binod-kumar-singh-2019-178-dtr-49-264-taxman-335-bomhcwww-itatonline-org\/","title":{"rendered":"PCIT v. Binod Kumar Singh ( 2019) 178 DTR 49 \/ 264 Taxman 335\/ 310 CTR 243 \/( 2020) 423 ITR  175 (Bom)(HC),www.itatonline.org"},"content":{"rendered":"<p><strong>The assessee was born in India in year 1960 \u00a0and thereupon he went to foreign country for education and carrying on his profession \u00a0\u00a0. During the year assessee was in India for 173 days . AO treated the assessee as resident. CIT (A) and Tribunal held that the assessee was not an ordinary resident . \u00a0\u00a0\u00a0\u00a0Dismissing the appeal of the revenue the Court held that\u00a0i<\/strong>f the assessee is non \u2013resident amount found deposited in a foreign\u00a0 bank is not taxable in India either u\/s 68 or u\/s 69 of the Act .Period of 182 days to be considered for calculating residential status of a person migrated to Foreign Country. Residential status was regarded as \u2018not an ordinary resident \u2018. \u00a0\u00a0\u00a0\u00a0<strong>\u00a0<\/strong>\u00a0(AY. 2006 -07) \u00a0(ITA No. 107 of 2017, dt. 22.04.2019)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 6(6) : Residence in India &#8211; Not-ordinarily resident &#8211; Cash credits  -If the assessee is non \u2013resident amount found deposited in a foreign  bank is not taxable in India either u\/s 68 or u\/s 69 of the Act \u2013 Period of 182 days to be considered for calculating residential status of a person migrated to Foreign Country . [ S. 68,  69 ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7158","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1Rs","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=7158"}],"version-history":[{"count":3,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7158\/revisions"}],"predecessor-version":[{"id":12903,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7158\/revisions\/12903"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=7158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=7158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=7158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}