https://www.taxtmi.com/caselaws?id=292388 Income paid outside British India by a company registered and managed in London was outside the territorial charging scope of Indian income-tax, because the dividend was treated as a debt payable abroad and income neither accruing, arising nor received in British India could not be included in ordinary total income. For refund purposes, however, the statutory scheme was applied more broadly: where the shareholder had other income assessable in India, the dividend could be brought within the refund computation, allowing relief for the tax borne at the company's rate and the difference against the rate applicable to the assessee's own total income. The article therefore distinguishes ordinary assessment from refund entitlement. en-us Fri, 30 Jan 1931 00:00:00 +0530 Mon, 21 Dec 2020 18:08:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292388 Income paid outside British India by a company registered and managed in London was outside the territorial charging scope of Indian income-tax, because the dividend was treated as a debt payable abroad and income neither accruing, arising nor received in British India could not be included in ordinary total income. For refund purposes, however, the statutory scheme was applied more broadly: where the shareholder had other income assessable in India, the dividend could be brought within the refund computation, allowing relief for the tax borne at the company's rate and the difference against the rate applicable to the assessee's own total income. The article therefore distinguishes ordinary assessment from refund entitlement. Case-Laws Income Tax Fri, 30 Jan 1931 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292388