https://www.taxtmi.com/caselaws?id=49732 Amounts paid in British India to a non-resident's authorised brokers, banks, or shroffs as the first receipt of sale proceeds were treated as actual receipts in the taxable territory and were chargeable under section 4(1)(a) of the Indian Income-tax Act, 1922. The mercantile system of accounting did not convert those receipts into mere accruals, and section 13 did not exclude taxability where money was in substance received on the assessee's behalf in British India. Later transfer of the funds did not alter the character of the initial receipt, so the tax liability on the disputed sums was upheld. en-us Fri, 30 Jan 1953 00:00:00 +0530 Fri, 12 Sep 2014 07:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49732 Amounts paid in British India to a non-resident's authorised brokers, banks, or shroffs as the first receipt of sale proceeds were treated as actual receipts in the taxable territory and were chargeable under section 4(1)(a) of the Indian Income-tax Act, 1922. The mercantile system of accounting did not convert those receipts into mere accruals, and section 13 did not exclude taxability where money was in substance received on the assessee's behalf in British India. Later transfer of the funds did not alter the character of the initial receipt, so the tax liability on the disputed sums was upheld. Case-Laws Income Tax Fri, 30 Jan 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49732