https://www.taxtmi.com/caselaws?id=290254 Non-resident business profits attributable to operations in British India were taxable under the Indian Income-tax Act, 1922, even where sales and receipt of proceeds occurred in London. A reasonable allowance for London-side sale, realisation and agency functions had to be excluded from the taxable profits. Insurance commissions and commissions for purchases and shipments earned through London activities lacked a sufficient business connection with British India and were not taxable. Managing agency allowances were assessable only to the extent they represented profit from management in British India, while reasonable commissions on stores shipped from London were not assessable. en-us Wed, 09 Sep 1925 00:00:00 +0530 Wed, 16 Sep 2020 11:55:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290254 Non-resident business profits attributable to operations in British India were taxable under the Indian Income-tax Act, 1922, even where sales and receipt of proceeds occurred in London. A reasonable allowance for London-side sale, realisation and agency functions had to be excluded from the taxable profits. Insurance commissions and commissions for purchases and shipments earned through London activities lacked a sufficient business connection with British India and were not taxable. Managing agency allowances were assessable only to the extent they represented profit from management in British India, while reasonable commissions on stores shipped from London were not assessable. Case-Laws Income Tax Wed, 09 Sep 1925 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290254