Home Case Index All Cases Income Tax Income Tax + SC Income Tax - 1960 (10) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1960 (10) TMI 3 - SC - Income TaxWhether the proportionate profits on the goods of the value of ₹ 4,10,785 were received or were deemed to be received in British India, in the year of account, by or on behalf of the assessee company within the meaning of section 4(1)(a) of the Indian Income-tax Act, 1922 ? Held that:- The income, profits or gains must be deemed to have been received in the taxable territories, and the answer to the question ought to have been in the affirmative. We accordingly allow the appeal, and answer the question in the affirmative. Appeal allowed.
|