https://www.taxtmi.com/caselaws?id=292008 Profits earned by a joint family business abroad, when allotted to an assessee on partition, were treated as income accruing to the assessee in his own right. On that basis, the later remittance of those profits into British India satisfied the statutory condition that income accruing outside British India after 1 April 1933 and brought into British India during the previous year formed part of total income. A narrower reading limiting the provision to profits personally earned by the assessee was rejected as inconsistent with the language and purpose of the section. The amount brought into British India was therefore taxable. en-us Fri, 25 Feb 1944 00:00:00 +0630 Fri, 04 Dec 2020 10:22:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292008 Profits earned by a joint family business abroad, when allotted to an assessee on partition, were treated as income accruing to the assessee in his own right. On that basis, the later remittance of those profits into British India satisfied the statutory condition that income accruing outside British India after 1 April 1933 and brought into British India during the previous year formed part of total income. A narrower reading limiting the provision to profits personally earned by the assessee was rejected as inconsistent with the language and purpose of the section. The amount brought into British India was therefore taxable. Case-Laws Income Tax Fri, 25 Feb 1944 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=292008