https://www.taxtmi.com/caselaws?id=193323 An objection that an Income-tax Officer lacked territorial jurisdiction was treated as an objection to the place of assessment under section 64(3) of the Income-tax Act, 1922, and it failed because it was raised out of time. On receipt of sale proceeds, amounts covered by bills directing payment by demand draft on Rajkot were treated as received in British India because an implied request to transmit the drafts by post made the post office the assessee's agent. In transactions lacking any agreement on payment mode or any express or implied request to remit by post, receipt in British India was not established, so only the profit relatable to the identified receipts was taxable. en-us Thu, 08 Oct 1964 00:00:00 +0530 Mon, 24 Jul 2017 16:49:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193323 An objection that an Income-tax Officer lacked territorial jurisdiction was treated as an objection to the place of assessment under section 64(3) of the Income-tax Act, 1922, and it failed because it was raised out of time. On receipt of sale proceeds, amounts covered by bills directing payment by demand draft on Rajkot were treated as received in British India because an implied request to transmit the drafts by post made the post office the assessee's agent. In transactions lacking any agreement on payment mode or any express or implied request to remit by post, receipt in British India was not established, so only the profit relatable to the identified receipts was taxable. Case-Laws Income Tax Thu, 08 Oct 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193323