https://www.taxtmi.com/caselaws?id=272670 Commission deducted from sale proceeds and retained by the buyer, who acted as collecting agent for the commission creditor, was treated as payment for the purpose of section 18(3B) of the Income-tax Act. The High Court also held that the Income-tax Officer's inference of liability from the contract form and accounts was a finding of fact, and such findings were not open to interference in writ jurisdiction under article 226 unless shown to be necessarily erroneous. On that basis, the statutory payment requirement was satisfied and the challenge to the assessment order failed. en-us Tue, 12 Dec 1961 00:00:00 +0530 Fri, 11 May 2018 11:04:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272670 Commission deducted from sale proceeds and retained by the buyer, who acted as collecting agent for the commission creditor, was treated as payment for the purpose of section 18(3B) of the Income-tax Act. The High Court also held that the Income-tax Officer's inference of liability from the contract form and accounts was a finding of fact, and such findings were not open to interference in writ jurisdiction under article 226 unless shown to be necessarily erroneous. On that basis, the statutory payment requirement was satisfied and the challenge to the assessment order failed. Case-Laws Income Tax Tue, 12 Dec 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272670