1984 (12) TMI 75 - AT - Income Tax

Summary

The judgment deals with the interpretation of section 5(1)(xxxiii) of the Wealth-tax Act, 1957. The Commissioner withdrew exemption allowed to an assessee who had worked abroad on deputation. The Appellate Tribunal ruled in favor of the assessee, stating that he was entitled to the exemption as he was considered to be ordinarily residing in a foreign country. The orders of the Commissioner were set aside, and the appeals were allowed.