https://www.taxtmi.com/caselaws?id=273189 The court held that the amount remitted between branches was from profits, not capital, and therefore subject to Income Tax. Justices Ramesam and Cornish concurred with this decision, awarding costs to the respondents. en-us Wed, 16 Dec 1931 00:00:00 +0530 Mon, 11 Jun 2018 10:29:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273189 The court held that the amount remitted between branches was from profits, not capital, and therefore subject to Income Tax. Justices Ramesam and Cornish concurred with this decision, awarding costs to the respondents. Case-Laws Income Tax Wed, 16 Dec 1931 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273189