https://www.taxtmi.com/caselaws?id=292707 Remittances from a foreign business to its head office in British India were treated as prima facie profits, not capital, unless the assessee proved otherwise. The burden of establishing that the amounts were capital or otherwise not assessable lay on the assessee, and the Commissioner's rejection of that contention was reached without misdirection on the governing principle. The remaining conclusions were treated as findings of fact and were not open to interference. The presumption of assessable profit was therefore upheld, and the assessee failed to discharge the burden of proof. en-us Mon, 28 Sep 1925 00:00:00 +0530 Tue, 05 Jan 2021 15:51:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292707 Remittances from a foreign business to its head office in British India were treated as prima facie profits, not capital, unless the assessee proved otherwise. The burden of establishing that the amounts were capital or otherwise not assessable lay on the assessee, and the Commissioner's rejection of that contention was reached without misdirection on the governing principle. The remaining conclusions were treated as findings of fact and were not open to interference. The presumption of assessable profit was therefore upheld, and the assessee failed to discharge the burden of proof. Case-Laws Income Tax Mon, 28 Sep 1925 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292707