https://www.taxtmi.com/caselaws?id=276460 Profit from sales to the Government of India was upheld as correctly computed under rule 33 because the assessee did not produce reliable material to show a lower actual margin or displace the departmental proportionate-profit basis. For the larger block of sales, profits were held not to accrue or arise in British India because the contracts were concluded and performed at Indore, delivery and payment occurred there, and mere canvassing of orders or prior contact by brokers in British India did not create territorial accrual. Rule 33 was therefore inapplicable to those sales. en-us Mon, 28 Aug 1961 00:00:00 +0530 Mon, 12 Nov 2018 14:32:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276460 Profit from sales to the Government of India was upheld as correctly computed under rule 33 because the assessee did not produce reliable material to show a lower actual margin or displace the departmental proportionate-profit basis. For the larger block of sales, profits were held not to accrue or arise in British India because the contracts were concluded and performed at Indore, delivery and payment occurred there, and mere canvassing of orders or prior contact by brokers in British India did not create territorial accrual. Rule 33 was therefore inapplicable to those sales. Case-Laws Income Tax Mon, 28 Aug 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276460