https://www.taxtmi.com/caselaws?id=179217 A company's residence under Section 4A(c) of the Income-tax Act, 1922 depends on where its real, central control and management of affairs is de facto exercised, not where its business is carried on or income is earned. Day-to-day operations by managers or agents outside the taxable territories do not determine residence if they remain subject to the directions of the central authority. On the facts, the directors in Bombay retained the company's head and brain despite wide managerial powers in Ceylon, so the company was held resident in the taxable territories and the issue was answered for the Revenue. en-us Fri, 06 Mar 1953 00:00:00 +0530 Tue, 23 Feb 2016 12:22:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179217 A company's residence under Section 4A(c) of the Income-tax Act, 1922 depends on where its real, central control and management of affairs is de facto exercised, not where its business is carried on or income is earned. Day-to-day operations by managers or agents outside the taxable territories do not determine residence if they remain subject to the directions of the central authority. On the facts, the directors in Bombay retained the company's head and brain despite wide managerial powers in Ceylon, so the company was held resident in the taxable territories and the issue was answered for the Revenue. Case-Laws Income Tax Fri, 06 Mar 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179217