https://www.taxtmi.com/caselaws?id=49505 Income earlier accrued and received outside the taxable territories was held taxable when the assessee, while in Bombay, drew on the Bhavnagar account, arranged credit through cheque and benami accounts, and used the funds in Bombay. The expression "brought into or received in the taxable territories" in section 4(1)(b)(iii) of the Income-tax Act, 1922 was applied in substance rather than form, and an indirect banking route did not prevent the transfer from amounting to receipt by the assessee. en-us Fri, 03 Feb 1961 00:00:00 +0530 Sat, 30 Aug 2014 21:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49505 Income earlier accrued and received outside the taxable territories was held taxable when the assessee, while in Bombay, drew on the Bhavnagar account, arranged credit through cheque and benami accounts, and used the funds in Bombay. The expression "brought into or received in the taxable territories" in section 4(1)(b)(iii) of the Income-tax Act, 1922 was applied in substance rather than form, and an indirect banking route did not prevent the transfer from amounting to receipt by the assessee. Case-Laws Income Tax Fri, 03 Feb 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49505