https://www.taxtmi.com/caselaws?id=171544 An annuity payable to an assessee remained taxable as the full amount, even though the payer retained part of it under a foreign tax mechanism and remitted only the balance. The foreign deduction at source merely altered the mode of collection and discharged the payer to the extent of the amount retained; it did not reduce the character or quantum of the annuity as the assessee's income. The Indian provisions on deduction at source and deemed receipt did not support taxing only the net amount actually received. The full annuity was therefore rightly included in total income. en-us Fri, 23 Sep 1955 00:00:00 +0530 Thu, 23 Jul 2015 16:41:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171544 An annuity payable to an assessee remained taxable as the full amount, even though the payer retained part of it under a foreign tax mechanism and remitted only the balance. The foreign deduction at source merely altered the mode of collection and discharged the payer to the extent of the amount retained; it did not reduce the character or quantum of the annuity as the assessee's income. The Indian provisions on deduction at source and deemed receipt did not support taxing only the net amount actually received. The full annuity was therefore rightly included in total income. Case-Laws Income Tax Fri, 23 Sep 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171544