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1961 (2) TMI 3 - SC - Income TaxWhether on the facts it can be said that income had been brought into or received in Bombay by the assessee? Held that:- This being a case of receipt, there can be no doubt that income etc. was received by the respondent and the indirect method employed in this case for receiving the money would none the less make it a receipt by the respondent himself. We are, therefore, of opinion that the respondent is liable to pay income-tax on the sum of ₹ 50,000 under section 4(1)(b)(iii) of the Act and the question framed, therefore, must be answered in the affirmative. The result is that the appeal is allowed and the order of the High Court set aside.
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