https://www.taxtmi.com/caselaws?id=5100 Profits from sales cannot be treated as arising wholly at the place where contracts are executed or sale proceeds are received when the profit-producing operations are carried on at multiple locations. Under section 42(3) of the Income-tax Act, 1922, income is deemed to accrue at the several places where the business operations are carried on and must be apportioned on a reasonable basis. Because the transactions involved operations in Bangalore, Feroke, Beypore and Ceylon, the entire profit was not attributable to Bangalore and had to be apportioned accordingly. en-us Tue, 10 Sep 1968 00:00:00 +0530 Thu, 20 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5100 Profits from sales cannot be treated as arising wholly at the place where contracts are executed or sale proceeds are received when the profit-producing operations are carried on at multiple locations. Under section 42(3) of the Income-tax Act, 1922, income is deemed to accrue at the several places where the business operations are carried on and must be apportioned on a reasonable basis. Because the transactions involved operations in Bangalore, Feroke, Beypore and Ceylon, the entire profit was not attributable to Bangalore and had to be apportioned accordingly. Case-Laws Income Tax Tue, 10 Sep 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5100