https://www.taxtmi.com/acts?id=7292 Notice or information given to an agent in the course of transacting business for the principal has the same legal effect between the principal and third parties as if given to the principal; consequently, agent-obtained knowledge acquired during agency can prevent a principal from claiming set-off against an apparent vendor, whereas knowledge acquired by the agent before employment and not in the course of agency does not bind the principal and does not defeat set-off. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7292 Notice or information given to an agent in the course of transacting business for the principal has the same legal effect between the principal and third parties as if given to the principal; consequently, agent-obtained knowledge acquired during agency can prevent a principal from claiming set-off against an apparent vendor, whereas knowledge acquired by the agent before employment and not in the course of agency does not bind the principal and does not defeat set-off. Act-Rules Indian Laws Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7292