https://www.taxtmi.com/caselaws?id=277319 Section 42(3) of the Indian Income-tax Act, 1922 applies only to profits deemed to accrue or arise in British India under Section 42. It does not extend to income that is found, on the facts, to have actually accrued or arisen in British India under Section 4(1)(c). The statutory scheme therefore leaves the first limb of Section 4(1)(c) intact and does not allow Section 42 to override it. Relief by apportionment under Section 42(3) was consequently unavailable, and the profits remained taxable without that relief. en-us Mon, 16 Aug 1948 00:00:00 +0530 Sat, 01 Dec 2018 12:30:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277319 Section 42(3) of the Indian Income-tax Act, 1922 applies only to profits deemed to accrue or arise in British India under Section 42. It does not extend to income that is found, on the facts, to have actually accrued or arisen in British India under Section 4(1)(c). The statutory scheme therefore leaves the first limb of Section 4(1)(c) intact and does not allow Section 42 to override it. Relief by apportionment under Section 42(3) was consequently unavailable, and the profits remained taxable without that relief. Case-Laws Income Tax Mon, 16 Aug 1948 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277319