https://www.taxtmi.com/caselaws?id=277378 Income is taxed where it first comes into existence as income, and the distinction between the source of the business and the place where income accrues or arises is material. Tea grown and manufactured in an Indian State did not itself constitute income when brought into British India; the income arose only when the tea was sold in Calcutta at a profit. Section 4(2) was inapplicable because it governs income already arising outside British India and later received there. The whole income was therefore held to have accrued and arisen in British India, and the reference was answered against the assessee. en-us Thu, 28 Jan 1937 00:00:00 +0530 Mon, 03 Dec 2018 11:06:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277378 Income is taxed where it first comes into existence as income, and the distinction between the source of the business and the place where income accrues or arises is material. Tea grown and manufactured in an Indian State did not itself constitute income when brought into British India; the income arose only when the tea was sold in Calcutta at a profit. Section 4(2) was inapplicable because it governs income already arising outside British India and later received there. The whole income was therefore held to have accrued and arisen in British India, and the reference was answered against the assessee. Case-Laws Income Tax Thu, 28 Jan 1937 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277378