https://www.taxtmi.com/caselaws?id=456381 The HC dismissed the appeal, concluding that the relationship between the parties was that of seller and purchaser, not principal and agent. The court found that the defendant was a favored buyer, as he paid for goods before selling them and retained profits, indicating no obligation to account as an agent. The agreement lacked clarity on agency terms, and the plaintiff's claims were inconsistent with the defendant's role as a purchaser. The court emphasized modern business practices and actual dealings, affirming the defendant's status as a buyer rather than an agent, leading to the dismissal of the plaintiff's claims. en-us Mon, 06 Jun 1938 00:00:00 +0530 Mon, 22 Jul 2024 10:54:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456381 The HC dismissed the appeal, concluding that the relationship between the parties was that of seller and purchaser, not principal and agent. The court found that the defendant was a favored buyer, as he paid for goods before selling them and retained profits, indicating no obligation to account as an agent. The agreement lacked clarity on agency terms, and the plaintiff's claims were inconsistent with the defendant's role as a purchaser. The court emphasized modern business practices and actual dealings, affirming the defendant's status as a buyer rather than an agent, leading to the dismissal of the plaintiff's claims. Case-Laws Indian Laws Mon, 06 Jun 1938 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456381