https://www.taxtmi.com/caselaws?id=292900 Rule 8 of the Schedule to the Indian Income Tax Act, 1922 was construed as an independent mode of assessment for a non-resident insurer's British Indian branch, and the phrase "more reliable data" was held to refer to the underlying figures or material for computation, not to the higher of the results under rules 2(a) and 2(b). The separate actuarial valuation statement for the Indian business was found to be the most dependable material for computing branch profits and therefore constituted the proper basis under rule 8. The reference was answered accordingly in favour of the assessee. en-us Fri, 06 Oct 1944 00:00:00 +0630 Tue, 12 Jan 2021 12:37:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292900 Rule 8 of the Schedule to the Indian Income Tax Act, 1922 was construed as an independent mode of assessment for a non-resident insurer's British Indian branch, and the phrase "more reliable data" was held to refer to the underlying figures or material for computation, not to the higher of the results under rules 2(a) and 2(b). The separate actuarial valuation statement for the Indian business was found to be the most dependable material for computing branch profits and therefore constituted the proper basis under rule 8. The reference was answered accordingly in favour of the assessee. Case-Laws Income Tax Fri, 06 Oct 1944 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=292900