https://www.taxtmi.com/caselaws?id=292445 Reassessment of escaped income was treated as valid where the assessee had not returned income liable to British Indian tax, and payment of tax in another State did not remove liability under the Indian Act. On the sales issue, profits from goods sent under reserve and financed through discounted hundis were held to accrue where the sales were completed in British India, because title did not pass until payment or acceptance and the bank's discounting was only a financing arrangement. For Government supply contracts, cheques posted in accordance with the parties' course of dealing were received at the place of posting, so the income was received there. The departmental apportionment of profits was sustained. en-us Wed, 22 Nov 1961 00:00:00 +0530 Thu, 24 Dec 2020 13:05:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292445 Reassessment of escaped income was treated as valid where the assessee had not returned income liable to British Indian tax, and payment of tax in another State did not remove liability under the Indian Act. On the sales issue, profits from goods sent under reserve and financed through discounted hundis were held to accrue where the sales were completed in British India, because title did not pass until payment or acceptance and the bank's discounting was only a financing arrangement. For Government supply contracts, cheques posted in accordance with the parties' course of dealing were received at the place of posting, so the income was received there. The departmental apportionment of profits was sustained. Case-Laws Income Tax Wed, 22 Nov 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292445