https://www.taxtmi.com/caselaws?id=290939 Guaranteed interest received in London was treated as income accruing or arising in British India because the profits of the railway undertaking were generated by operations in India. The London payment was characterised as only a provisional disbursement later recouped from Indian profits, so the place of actual receipt did not change the source or situs of the income for tax purposes. Income may therefore accrue or arise in British India even if received elsewhere where the real earning activity is carried on in India, and the amount was held liable to assessment in the assessee's hands. en-us Thu, 14 Mar 1940 00:00:00 +0530 Tue, 27 Oct 2020 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290939 Guaranteed interest received in London was treated as income accruing or arising in British India because the profits of the railway undertaking were generated by operations in India. The London payment was characterised as only a provisional disbursement later recouped from Indian profits, so the place of actual receipt did not change the source or situs of the income for tax purposes. Income may therefore accrue or arise in British India even if received elsewhere where the real earning activity is carried on in India, and the amount was held liable to assessment in the assessee's hands. Case-Laws Indian Laws Thu, 14 Mar 1940 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290939