Taxation of income and economic progress in India (Paperback)
INCOME TAXATION IN INDIA - RETROSPECT
I. Taxation Under the East India Company.
In 1765, the British East India Company obtained
from the Emperor of Delhi the Diwani of Bengal, Bihar
and Orissa, by which it secured the right to collect
and administer the revenues of the said territories.
Soon after, the British Parliament began to assert its
control over the political, commercial and financial
affairs of the Company. In 1773, the Regulating Act
was passed. It was followed by the 'Pitt's India it*
of 176i*, which provided for the establishment of a
Board of Commissioners in England - popularly known as
the Board of Control - to supervise the civil and
military Government of the Company and its revenues.