COMMISSIONER OF INCOME TAX, CALCUTTA v. T.I. & M. SALES LTD

Citation: [1987] 2 S.C.R. 883

Court: Supreme Court of India

Bench: R.S. PATHAK, RANGANATH MISRA

Case summary

A business connection in section 42 involves a relation between a business carried on by a non-resident which yields profits or gains and some activity in the taxable territories which contributes directly or indirectly to the earning of those profits or gains....

Judgment text

A business connection in section 42 involves a relation between a business carried on by a non-resident which yields profits or gains and some activity in the taxable territories which contributes directly or indirectly to the earning of those profits or gains....