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1959 (5) TMI 9 - SC - Income TaxWhether the receipt of sale proceeds at Ratlam (which included the assessee's profits) in respect of goods sent by the assessee to customers in Part A or C States by V. P. P. amounted to receipts of income, profits or gains at Ratlam in Part B States? Whether the bank drafts payable in Part A or C States but received at Ratlam and encashed through the assessee's bankers at Bombay constituted receipts in Part A State ? Held that:- The answer to the first question should have been in favour of the Commissioner. It should have been held that the income in respect of goods sent by V. P. P. was received in Part A and C States and not in a Part B State. Question 2 should also have been answered in favour of the Commissioner and the income, profits and gains arising out of these transactions must be held to have been received by the respondents in Part A or C States. In both the cases the respondents would not be entitled to a concessional rate of taxation applicable to Part B States. Appeal allowed
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