https://www.taxtmi.com/caselaws?id=277339 The High Court held that an Indian Limited Company was not considered an agent for non-resident shareholders under the Indian Income Tax Act. The Court emphasized that for the Company to be deemed an agent, it must be in receipt of income as per the Act. Consequently, the Company was not liable for the assessment of super tax on behalf of the non-resident shareholders. While the majority opinion supported this finding, a dissenting judge argued that the Company should be considered an agent, citing the remittance of income to shareholders as establishing a business connection warranting tax assessment. en-us Tue, 17 Jan 1922 00:00:00 +0530 Sat, 01 Dec 2018 12:51:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277339 The High Court held that an Indian Limited Company was not considered an agent for non-resident shareholders under the Indian Income Tax Act. The Court emphasized that for the Company to be deemed an agent, it must be in receipt of income as per the Act. Consequently, the Company was not liable for the assessment of super tax on behalf of the non-resident shareholders. While the majority opinion supported this finding, a dissenting judge argued that the Company should be considered an agent, citing the remittance of income to shareholders as establishing a business connection warranting tax assessment. Case-Laws Income Tax Tue, 17 Jan 1922 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277339