Interest Income not to be assessed When Assessee is Non-Resident: ITAT

JCIT (OSD)(IT) Vs Rahul Rajnikant Parikh (ITAT Mumbai) Interest income need not to be assessed when assessee is a Non-resident The Income Tax Appellate Tribunal, Mumbai (“the ITAT”) in the case of JCIT v. Rahul Rajnikant Parikh [I.T.A. No. 638,639,640/Mum/2022 dated October 20, 2022] held that the interest income need not be assessed when assessee is a Non-resident. Facts: Rahul Rajnikant Parikh (“the Respondent”) was a Non- resident under Income Tax Act, 1961 (“the IT Act”). It came to the notice of the Government that the Respondent had a bank account, which he was operating join...