https://www.taxtmi.com/caselaws?id=290204 Residence of a firm depends on the place where its central management and control abides, and a registration certificate naming Bombay as the principal place of business was treated as relevant evidence supporting residence in British India. For income tax receipt, section 4(2) required actual receipt in or bringing into British India of income, profits or gains in cash or a realisable asset. Payment made at Indore to discharge creditors out of local shop funds, without any cash or tangible asset coming into British India, was not treated as receipt there. Constructive remittance or mere reduction of liability outside British India was insufficient. en-us Sun, 20 Aug 1944 00:00:00 +0630 Mon, 14 Sep 2020 12:20:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290204 Residence of a firm depends on the place where its central management and control abides, and a registration certificate naming Bombay as the principal place of business was treated as relevant evidence supporting residence in British India. For income tax receipt, section 4(2) required actual receipt in or bringing into British India of income, profits or gains in cash or a realisable asset. Payment made at Indore to discharge creditors out of local shop funds, without any cash or tangible asset coming into British India, was not treated as receipt there. Constructive remittance or mere reduction of liability outside British India was insufficient. Case-Laws Income Tax Sun, 20 Aug 1944 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=290204