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1958 (4) TMI 8 - SC - Income TaxWhether the appellant is liable under section 4(1)(b)(iii) of the Income-tax Act to pay tax on ₹ 1,20,000 remitted by him from Srinagar in Kashmir to British India in the relevant accounting year as his profits accumulated outside British India and brought by him into British India? Held that:- We find nothing to throw any doubt on the Tribunal's finding that the present contention was raised by the appellant for the first time when the case came back to the Tribunal on the report of the Income-tax Officer. Indeed it is quite clear to us that if this contention had been raised earlier, the remand to that Officer would have been wholly unnecessary and the appellant himself would have pointed this out especially in view of the fact that he was not in a position to show that his profits at Srinagar had not been mixed up with the working funds, to enable him to do which alone the case had been remanded. There is no valid objection to the Tribunal's judgment and we, therefore, dismiss this appeal
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