https://www.taxtmi.com/caselaws?id=49565 Income embedded in consignment sale proceeds is received in the taxable territories when an Indian selling agent realises the sale price there on behalf of foreign principals, making the place of receipt decisive for taxability under section 4(1)(a) of the Indian Income-tax Act, 1922. The goods remained the property of the foreign principals until sale, and the Indian company acted as agent rather than purchaser. A later remittance made under a separate contractual obligation did not alter the character or situs of the original receipt of sale proceeds. The tax consequence therefore turned on actual receipt of the price in India. en-us Wed, 10 Aug 1960 00:00:00 +0530 Tue, 26 Apr 2016 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49565 Income embedded in consignment sale proceeds is received in the taxable territories when an Indian selling agent realises the sale price there on behalf of foreign principals, making the place of receipt decisive for taxability under section 4(1)(a) of the Indian Income-tax Act, 1922. The goods remained the property of the foreign principals until sale, and the Indian company acted as agent rather than purchaser. A later remittance made under a separate contractual obligation did not alter the character or situs of the original receipt of sale proceeds. The tax consequence therefore turned on actual receipt of the price in India. Case-Laws Income Tax Wed, 10 Aug 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49565