https://www.taxtmi.com/caselaws?id=292547 Foreign business profits remitted into British India after partition remained taxable in the hands of the member who took over the going concern, because the receipts retained their character as profits and the statute charged income received in British India. By contrast, sums received by the Hindu undivided family before partition could not be assessed in the hands of an individual member after disruption, since the family was a separate taxable unit and the statutory exemption applied to receipts taken while it remained joint. The later amendments were treated as remedial and did not alter the plain language of the existing Act. en-us Tue, 26 Mar 1929 00:00:00 +0530 Wed, 30 Dec 2020 13:27:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292547 Foreign business profits remitted into British India after partition remained taxable in the hands of the member who took over the going concern, because the receipts retained their character as profits and the statute charged income received in British India. By contrast, sums received by the Hindu undivided family before partition could not be assessed in the hands of an individual member after disruption, since the family was a separate taxable unit and the statutory exemption applied to receipts taken while it remained joint. The later amendments were treated as remedial and did not alter the plain language of the existing Act. Case-Laws Income Tax Tue, 26 Mar 1929 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292547