https://www.taxtmi.com/caselaws?id=31596 The court held that income derived from the purchase and export of gold jewellery by a non-resident individual in India is taxable under Section 5(2) of the Income Tax Act, 1961, as the income is received and accrued in India. Explanation 1(b) to Section 9(1)(i) does not exempt the individual from tax liability. The court's ruling, delivered on November 19, 2008, affirmed the taxability of the income in India. en-us Wed, 19 Nov 2008 00:00:00 +0530 Wed, 31 Dec 2008 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31596 The court held that income derived from the purchase and export of gold jewellery by a non-resident individual in India is taxable under Section 5(2) of the Income Tax Act, 1961, as the income is received and accrued in India. Explanation 1(b) to Section 9(1)(i) does not exempt the individual from tax liability. The court's ruling, delivered on November 19, 2008, affirmed the taxability of the income in India. Case-Laws Income Tax Wed, 19 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31596