https://www.taxtmi.com/caselaws?id=37379 The High Court determined that the assessee, a foreign company, had a place of business in India through its Indian subsidiary, which acted as its agent. The court found that the assessee was carrying on business in India based on various factors, leading to the conclusion that the assessee fell within the definition of a company under Section 2(h) of the Wealth-tax Act, 1957. Consequently, the assessee was held assessable to wealth-tax for the relevant assessment years, with the outcome favoring the revenue. The reference was disposed of without costs. en-us Thu, 29 Mar 1979 00:00:00 +0530 Mon, 29 Mar 2010 13:10:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37379 The High Court determined that the assessee, a foreign company, had a place of business in India through its Indian subsidiary, which acted as its agent. The court found that the assessee was carrying on business in India based on various factors, leading to the conclusion that the assessee fell within the definition of a company under Section 2(h) of the Wealth-tax Act, 1957. Consequently, the assessee was held assessable to wealth-tax for the relevant assessment years, with the outcome favoring the revenue. The reference was disposed of without costs. Case-Laws Wealth-tax Thu, 29 Mar 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37379