https://www.taxtmi.com/caselaws?id=276908 Accumulated income earned outside the taxable territories was taxable on remittance only if the assessee himself actually brought it into, or received it in, the taxable territories. A direction to a debtor to pay a third party merely substituted one debtor for another and did not amount to actual receipt or constructive receipt by the assessee. The Bombay HC therefore held that the income was not taxable under the remittance provision of the Income-tax Act, 1922, and answered the reference in favour of the assessee. en-us Thu, 03 Sep 1953 00:00:00 +0530 Tue, 20 Nov 2018 12:13:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276908 Accumulated income earned outside the taxable territories was taxable on remittance only if the assessee himself actually brought it into, or received it in, the taxable territories. A direction to a debtor to pay a third party merely substituted one debtor for another and did not amount to actual receipt or constructive receipt by the assessee. The Bombay HC therefore held that the income was not taxable under the remittance provision of the Income-tax Act, 1922, and answered the reference in favour of the assessee. Case-Laws Income Tax Thu, 03 Sep 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276908