https://www.taxtmi.com/caselaws?id=49666 Payments made in British India at the assessee's direction were treated as constructive remittances of profits from the Jubbal State timber business because the profit had already accrued and been finally determined, and the surrounding circumstances showed that the purchaser acted as the assessee's agent. The Tribunal could presume that remittances received in British India from a foreign business were profits unless the assessee rebutted that inference. The assessee did not prove that the payments were capital in nature or made without his direction, so no real or substantial question of law arose for reference under the Indian Income-tax Act, 1922. en-us Fri, 04 May 1956 00:00:00 +0530 Mon, 08 Sep 2014 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49666 Payments made in British India at the assessee's direction were treated as constructive remittances of profits from the Jubbal State timber business because the profit had already accrued and been finally determined, and the surrounding circumstances showed that the purchaser acted as the assessee's agent. The Tribunal could presume that remittances received in British India from a foreign business were profits unless the assessee rebutted that inference. The assessee did not prove that the payments were capital in nature or made without his direction, so no real or substantial question of law arose for reference under the Indian Income-tax Act, 1922. Case-Laws Income Tax Fri, 04 May 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49666