https://www.taxtmi.com/caselaws?id=290941 Interest on Government of India promissory notes was treated as accruing or arising in British India where the underlying loan was contracted and the principal was repayable there, even though payment and receipt were stipulated outside British India. The expression "accruing or arising" was read as referring to the source and place from which the income sprang, not merely the place of payment. On that construction, the interest remained within the charge under section 4(1) and was assessable to super-tax; receipt outside British India did not alter its British Indian source. en-us Wed, 08 Jan 1930 00:00:00 +0530 Thu, 22 Oct 2020 15:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290941 Interest on Government of India promissory notes was treated as accruing or arising in British India where the underlying loan was contracted and the principal was repayable there, even though payment and receipt were stipulated outside British India. The expression "accruing or arising" was read as referring to the source and place from which the income sprang, not merely the place of payment. On that construction, the interest remained within the charge under section 4(1) and was assessable to super-tax; receipt outside British India did not alter its British Indian source. Case-Laws Income Tax Wed, 08 Jan 1930 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290941