https://www.taxtmi.com/caselaws?id=242492 The court held that the owner of the ship was the beneficiary of the freight in a shipping agreement dispute. It was determined that the appellant was acting as an agent of the ship owner based on the "charter party" agreement clauses. The court dismissed the appeal, concluding that the appellant's status as an agent was not in dispute and that the appellant was indeed acting as an agent of the ship owner. The judgment focused on interpreting the beneficiary of freight, determining the appellant's role, and applying the relevant section of the Income Tax Act. en-us Tue, 17 Sep 2013 00:00:00 +0530 Mon, 07 Apr 2014 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242492 The court held that the owner of the ship was the beneficiary of the freight in a shipping agreement dispute. It was determined that the appellant was acting as an agent of the ship owner based on the "charter party" agreement clauses. The court dismissed the appeal, concluding that the appellant's status as an agent was not in dispute and that the appellant was indeed acting as an agent of the ship owner. The judgment focused on interpreting the beneficiary of freight, determining the appellant's role, and applying the relevant section of the Income Tax Act. Case-Laws Income Tax Tue, 17 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242492