https://www.taxtmi.com/caselaws?id=279789 Interest arising to a non-resident from a business connection in British India was treated as profits or gains accruing or arising from that connection and therefore fell within the charge under Section 42 of the Indian Income Tax Act, 1922. Section 43 was applied as a deeming provision: a person served with notice and falling within the statutory description could be treated as the non-resident's agent for all purposes of the Act, including assessment under Section 42, even without actual receipt of the income on the non-resident's behalf. The statutory fiction was held to control the result. en-us Tue, 26 Nov 1929 00:00:00 +0530 Fri, 05 Apr 2019 11:01:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279789 Interest arising to a non-resident from a business connection in British India was treated as profits or gains accruing or arising from that connection and therefore fell within the charge under Section 42 of the Indian Income Tax Act, 1922. Section 43 was applied as a deeming provision: a person served with notice and falling within the statutory description could be treated as the non-resident's agent for all purposes of the Act, including assessment under Section 42, even without actual receipt of the income on the non-resident's behalf. The statutory fiction was held to control the result. Case-Laws Income Tax Tue, 26 Nov 1929 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279789