Court : Allahabad
Decided on : Feb-05-2015
..... an indian citizen if either such a person or either of his/her parents or any of the grand-parents, was a citizen of india by virtue of the constitution or the citizenship act, 1955 or if such person held, at any time, an indian passport. section 6 provides for immunities in the following terms: ..... board of direct taxes itself has also made it clear that the assessing officer will not be making any inquiry with regard to remittances in the india development bonds received by any person from nris. the central board of direct taxes circular is binding on the authorities working under the act." 14 ..... (49 of 1976),- (a) no non-resident indian or overseas corporate body who or which owns the foreign exchange bonds or any person resident in india to whom a gift of such bonds has been made by such non-resident indian or overseas corporate body, shall be required to disclose, for any ..... september 2012 in writ tax no 432 of 2005 for determination by the full bench: "(a) whether the immunity provided to the bond holder of india development bond in us dollars, under sections 6 and 7 of the remittance of foreign exchange and investment in foreign exchange bonds (immunities and exemptions) ..... turn on the interpretation of the remittances of foreign exchange and investment in foreign exchange bonds (immunities and exemptions) act, 1991 the act and the india development bonds scheme which was notified on 21 september 1991. a division bench of this court, while doubting the correctness of a judgment of an .....Tag this Judgment!