https://www.taxtmi.com/caselaws?id=182967 Life insurance premia paid by a non-resident out of foreign income were held not to qualify for exemption because section 15(1) applies only to sums within the assessable field of income, and foreign income excluded from total income could not attract that relief. Reassessment under section 34 was held to permit reopening only of escaped income, not a fresh challenge to the final computation of Bombay property income already assessed through the statutory agent, so that figure could not be recomputed by the assessee. Tax paid to the Uganda Government on foreign income was also held not deductible in computing total world income. All three issues were decided against the assessee. en-us Tue, 26 Sep 1961 00:00:00 +0530 Wed, 25 May 2016 10:55:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182967 Life insurance premia paid by a non-resident out of foreign income were held not to qualify for exemption because section 15(1) applies only to sums within the assessable field of income, and foreign income excluded from total income could not attract that relief. Reassessment under section 34 was held to permit reopening only of escaped income, not a fresh challenge to the final computation of Bombay property income already assessed through the statutory agent, so that figure could not be recomputed by the assessee. Tax paid to the Uganda Government on foreign income was also held not deductible in computing total world income. All three issues were decided against the assessee. Case-Laws Income Tax Tue, 26 Sep 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182967