https://www.taxtmi.com/caselaws?id=182294 For income-tax computation under the 1922 Act, the relevant territorial and factual position is that existing in the previous year, because tax is charged on the income of that year. On that basis, Burma remained part of British India during the relevant previous year, so the Rangoon branch loss could be adjusted against Bombay profits in computing taxable income for the assessment year 1937-38. The text also notes that this construction aligns with the uniform interpretation adopted for an all-India taxing statute in the absence of conflicting authority. en-us Fri, 06 Oct 1939 00:00:00 +0530 Fri, 06 May 2016 17:44:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182294 For income-tax computation under the 1922 Act, the relevant territorial and factual position is that existing in the previous year, because tax is charged on the income of that year. On that basis, Burma remained part of British India during the relevant previous year, so the Rangoon branch loss could be adjusted against Bombay profits in computing taxable income for the assessment year 1937-38. The text also notes that this construction aligns with the uniform interpretation adopted for an all-India taxing statute in the absence of conflicting authority. Case-Laws Income Tax Fri, 06 Oct 1939 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182294