If management & control is outside Sikkim, income is Taxable

Sikkim State Income Tax Manual 1948 – Where management & control is outside Sikkim, income to be taxed under Income Tax Act, 1961 – Delhi High Court. Brief of the Case Delhi High Court held In the case of CIT vs. Mansarovar Commercial Pvt. Ltd. that Mr. Rattan Gupta was not only doing the audit work of the five Assessee companies, but determining who should be the directors of the said companies. This coupled with the fact that the blank signed cheque books of all the five companies together with rubber seals, the letter heads, the blank signed cheques and other records were also ...