https://www.taxtmi.com/caselaws?id=6721 Income earned outside the taxable territories may be taxable as income received within them where an indirect arrangement brings equivalent value into British India and credits it to the taxpayer's local accounts. Encashment and credit in Bombay, followed by payment outside the taxable territories from separate external funds, can demonstrate that the taxpayer's Bombay assets increased through income effectively brought into British India. The relevant test is the substance of the receipt or indirect transfer into the taxable territories, rather than the physical location of the original income-generating activity. 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 taxable as income received within them where an indirect arrangement brings equivalent value into British India and credits it to the taxpayer's local accounts. Encashment and credit in Bombay, followed by payment outside the taxable territories from separate external funds, can demonstrate that the taxpayer's Bombay assets increased through income effectively brought into British India. The relevant test is the substance of the receipt or indirect transfer into the taxable territories, rather than the physical location of the original income-generating activity. Case-Laws Income Tax Thu, 19 May 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6721