https://www.taxtmi.com/caselaws?id=277312 Profits from the foreign sale of goods purchased in British India were not taxable there because liability under the Income Tax Act, 1922 depended on where income accrued, arose, or was received. The sale abroad was the place where the profits materialised, and no part of the income was received or brought into British India. Mere purchase of goods in British India was too remote to constitute accrual, and the non-resident deeming rule could not be applied by analogy to a resident assessee without express statutory language. Taxing liability could not be extended by equitable construction. en-us Mon, 10 Jun 1929 00:00:00 +0530 Sat, 01 Dec 2018 10:52:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277312 Profits from the foreign sale of goods purchased in British India were not taxable there because liability under the Income Tax Act, 1922 depended on where income accrued, arose, or was received. The sale abroad was the place where the profits materialised, and no part of the income was received or brought into British India. Mere purchase of goods in British India was too remote to constitute accrual, and the non-resident deeming rule could not be applied by analogy to a resident assessee without express statutory language. Taxing liability could not be extended by equitable construction. Case-Laws Income Tax Mon, 10 Jun 1929 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277312