https://www.taxtmi.com/caselaws?id=175837 A resident was validly treated as the agent of a non-resident because the correspondence and remand material showed a business connection and instructions from the non-resident, rather than an independent purchase arrangement. The declaration of agency under section 43 was upheld. However, income from goods already accepted as the resident's own purchases could not be taxed again under section 42(1), and there was no evidence that the remaining imported goods were sold through the resident as agent in the relevant year. Taxation under section 42(1) was therefore negated for the assessed amount. en-us Wed, 31 Aug 1960 00:00:00 +0530 Mon, 07 Dec 2015 10:10:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175837 A resident was validly treated as the agent of a non-resident because the correspondence and remand material showed a business connection and instructions from the non-resident, rather than an independent purchase arrangement. The declaration of agency under section 43 was upheld. However, income from goods already accepted as the resident's own purchases could not be taxed again under section 42(1), and there was no evidence that the remaining imported goods were sold through the resident as agent in the relevant year. Taxation under section 42(1) was therefore negated for the assessed amount. Case-Laws Income Tax Wed, 31 Aug 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175837