https://www.taxtmi.com/caselaws?id=37165 The Court ruled in favor of the assessee regarding the assessment of remittances as income chargeable to tax. It held that the remittances did not constitute chargeable income, rejecting the contention that tax deduction was required. The Court also found the recovery proceedings under s. 201(1) to be time-barred, as they were initiated beyond the prescribed period. It clarified that s. 201 encompassed assessment and deeming the person in default without further action by the ITO. The decision did not affect the government's right to institute a suit within the limitation period. en-us Tue, 13 Jun 1978 00:00:00 +0530 Sat, 27 Mar 2010 10:52:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37165 The Court ruled in favor of the assessee regarding the assessment of remittances as income chargeable to tax. It held that the remittances did not constitute chargeable income, rejecting the contention that tax deduction was required. The Court also found the recovery proceedings under s. 201(1) to be time-barred, as they were initiated beyond the prescribed period. It clarified that s. 201 encompassed assessment and deeming the person in default without further action by the ITO. The decision did not affect the government's right to institute a suit within the limitation period. Case-Laws Income Tax Tue, 13 Jun 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37165