https://www.taxtmi.com/caselaws?id=6191 Income from managing agency and selling agency business was held to follow the financial year ending 31 March 1950 as the relevant previous year, rejecting the contention that the Diwali year must continue to apply. Dividend income from a company registered in a Part B State was held assessable only at the concessional rates under the Part B States (Taxation Concessions) Order, 1950, because the Order had to be read as a whole and, where no State law imposed income-tax and super-tax, the Schedule rates governed both taxes. The protective formula in paragraph 6 applied to income accruing in the Part B State and confined the tax burden to the concessional regime. en-us Tue, 16 Dec 1969 00:00:00 +0530 Wed, 03 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6191 Income from managing agency and selling agency business was held to follow the financial year ending 31 March 1950 as the relevant previous year, rejecting the contention that the Diwali year must continue to apply. Dividend income from a company registered in a Part B State was held assessable only at the concessional rates under the Part B States (Taxation Concessions) Order, 1950, because the Order had to be read as a whole and, where no State law imposed income-tax and super-tax, the Schedule rates governed both taxes. The protective formula in paragraph 6 applied to income accruing in the Part B State and confined the tax burden to the concessional regime. Case-Laws Income Tax Tue, 16 Dec 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6191