https://www.taxtmi.com/caselaws?id=6721 Income earned outside the taxable territories may be treated as received in British India where it is first encashed there, credited to the assessee's Bombay accounts, and then matched by withdrawals elsewhere to fund an outside-territory payment. The note explains that such an arrangement can increase the assessee's assets within British India while indirectly bringing the income into the taxable territories through an accounting device. On that reasoning, the sum is regarded as received within British India and assessable under the rules governing income received in taxable territories. en-us Thu, 19 May 1966 00:00:00 +0530 Sun, 01 Feb 2009 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6721 Income earned outside the taxable territories may be treated as received in British India where it is first encashed there, credited to the assessee's Bombay accounts, and then matched by withdrawals elsewhere to fund an outside-territory payment. The note explains that such an arrangement can increase the assessee's assets within British India while indirectly bringing the income into the taxable territories through an accounting device. On that reasoning, the sum is regarded as received within British India and assessable under the rules governing income received in taxable territories. Case-Laws Income Tax Thu, 19 May 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6721