https://www.taxtmi.com/caselaws?id=173389 Income received through an assessee's agent in British India was taxable where the agent, acting under instructions, received, apportioned, and dealt with the railway payments locally on the assessee's behalf. A contractual obligation to pay a half share of net profits to the French Colonial Government was not an allowable business deduction because it arose only after profits were earned and represented a distribution out of profits, not expenditure incurred to earn them. The assessment was therefore sustained on both points. en-us Thu, 26 Mar 1931 00:00:00 +0530 Wed, 08 Mar 2017 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173389 Income received through an assessee's agent in British India was taxable where the agent, acting under instructions, received, apportioned, and dealt with the railway payments locally on the assessee's behalf. A contractual obligation to pay a half share of net profits to the French Colonial Government was not an allowable business deduction because it arose only after profits were earned and represented a distribution out of profits, not expenditure incurred to earn them. The assessment was therefore sustained on both points. Case-Laws Income Tax Thu, 26 Mar 1931 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173389