https://www.taxtmi.com/caselaws?id=8057 The court held that freight earnings received in India by a non-resident shipping company are taxable under Section 5(2) of the Income-tax Act, 1961. It clarified the applicability of Section 5(2) regarding income received in India by non-residents and rejected the argument that income accruing outside India is not deemed received in India. The court also emphasized the provisions of Section 172 for tax levy on ships carrying goods from Indian ports and ruled that the Khemkas' actions did not constitute an application under Section 195(2). The court quashed the impugned orders under Section 195(2) and allowed for lawful proceedings to recover any outstanding income tax. en-us Wed, 25 Feb 1970 00:00:00 +0530 Mon, 03 May 2010 01:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8057 The court held that freight earnings received in India by a non-resident shipping company are taxable under Section 5(2) of the Income-tax Act, 1961. It clarified the applicability of Section 5(2) regarding income received in India by non-residents and rejected the argument that income accruing outside India is not deemed received in India. The court also emphasized the provisions of Section 172 for tax levy on ships carrying goods from Indian ports and ruled that the Khemkas' actions did not constitute an application under Section 195(2). The court quashed the impugned orders under Section 195(2) and allowed for lawful proceedings to recover any outstanding income tax. Case-Laws Income Tax Wed, 25 Feb 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8057