https://www.taxtmi.com/caselaws?id=276910 Profits earned and received in Hyderabad were not assessable to income-tax in British India under section 3(1) of the Income Tax Act VII of 1918, because the charging provision applied only to income that accrued, arose, or was received within British India or was deemed so. A head office in British India, managerial control from there, or later use of funds there for dividend-related payments did not convert foreign profits into taxable income within the territory. The Madras HC accordingly held that the whole of the company's profits was not assessable in British India and answered the reference in favour of the assessee. en-us Mon, 29 Jan 1923 00:00:00 +0530 Tue, 20 Nov 2018 12:20:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276910 Profits earned and received in Hyderabad were not assessable to income-tax in British India under section 3(1) of the Income Tax Act VII of 1918, because the charging provision applied only to income that accrued, arose, or was received within British India or was deemed so. A head office in British India, managerial control from there, or later use of funds there for dividend-related payments did not convert foreign profits into taxable income within the territory. The Madras HC accordingly held that the whole of the company's profits was not assessable in British India and answered the reference in favour of the assessee. Case-Laws Income Tax Mon, 29 Jan 1923 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276910