https://www.taxtmi.com/caselaws?id=6696 Income from the assessee's mining business was taxed on the mercantile basis, so accrual depended on when property in the goods passed. Because the contracts required railway receipts to be sent through bank and delivery to be made only against payment at the destination stations, the bargain was not unconditional for section 20 of the Sale of Goods Act. Property did not pass at Bhilwara when the goods were dispatched; it passed only on payment and delivery of the railway receipts in the destination States. On that footing, the profits accrued outside Part B States and the assessee was not entitled to rebate under the Part B States (Taxation Concessions) Order. en-us Wed, 29 Apr 1964 00:00:00 +0530 Sun, 01 Feb 2009 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6696 Income from the assessee's mining business was taxed on the mercantile basis, so accrual depended on when property in the goods passed. Because the contracts required railway receipts to be sent through bank and delivery to be made only against payment at the destination stations, the bargain was not unconditional for section 20 of the Sale of Goods Act. Property did not pass at Bhilwara when the goods were dispatched; it passed only on payment and delivery of the railway receipts in the destination States. On that footing, the profits accrued outside Part B States and the assessee was not entitled to rebate under the Part B States (Taxation Concessions) Order. Case-Laws Income Tax Wed, 29 Apr 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6696