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Income Tax - Highlights / Catch Notes

Home Highlights August 2023 Year 2023 This

Residential status - taxability of income of assessee earned ...


Foreign Assignment Income Tax Dispute Resolved: Misinterpretation of "Permanent Home" and Article 4(2)(b) Overturned.

August 3, 2023

Case Laws     Income Tax     AT

Residential status - taxability of income of assessee earned from foreign assignment - The concept of ‘permanent home available’ has been wrongly interpreted by the Ld. Tax Authorities. Ld CIT(A) has further fallen in error to not consider the applicability of other parameters of Article 4 (2)(b), which Ld. AO had infect taken note of and determined against the assessee. - Demand reversed - AT

 

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