Income Tax - Mr. Mustaq Ahmed., In re = 2008
Date of Decision: November 19, 2008 - AUTHORITY FOR ADVANCE RULINGSApplicant is a non-resident - applicant sells jewellery in local market as well as by export, mostly to Singapore – income arising to the applicant on the purchase in India of gold for the purpose of manufacturing gold jewellery in India for export – held that such income attracts charge to tax under sub-section (2) of Sec.5 as the income is received in India and has accrued in India - Explanation 1(b) to Sec. 9(1)(i) does not come to the aid of the applicant - income is taxable in India
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