https://www.taxtmi.com/caselaws?id=49513 The Supreme Court allowed the appeal, determining that the profits were not received in British India under section 4(1)(a) of the Indian Income-tax Act, 1922. The Court found that the bank and its branches acted as agents of the buyers, and the income was received at Agra, Allahabad, or Delhi, where payment was made to the agent. This decision was based on the agency relationship established by the company's instructions to the bank and the location of payment, leading to a favorable outcome for the appellant company in terms of income tax liability. en-us Mon, 17 Oct 1960 00:00:00 +0530 Mon, 01 Sep 2014 21:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49513 The Supreme Court allowed the appeal, determining that the profits were not received in British India under section 4(1)(a) of the Indian Income-tax Act, 1922. The Court found that the bank and its branches acted as agents of the buyers, and the income was received at Agra, Allahabad, or Delhi, where payment was made to the agent. This decision was based on the agency relationship established by the company's instructions to the bank and the location of payment, leading to a favorable outcome for the appellant company in terms of income tax liability. Case-Laws Income Tax Mon, 17 Oct 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49513