upto year 1995 the assessee was in employemnt in foreign country, at that time he made the fixed deposit in foreign country in foreign currency and thereafter he return to india and become the resident in india and assessed to indian income tax, in the year 2007 he brought his maturity amount to india and converted into indian rupees, the income tax department says that interest earn in foriegn coundry is taxable in india since the assessee is resident. and income tax rejected the plea of assessee u/s 115H and others provisions of Income tax Act, they saying that it was taxable income
now what will be the legal reamdy for above
with regards
rakesh
