https://www.taxtmi.com/caselaws?id=37935 The High Court declined to answer the questions referred and directed the Tribunal to re-examine the matter in accordance with the law, emphasizing the importance of determining income received or accruing in India under the Income Tax Act. The Court stressed the need for assessments based on yearly receipts and expenses, not lump sum amounts, in cases involving non-residents. The judgment provided a detailed analysis of the tax implications of contracts with non-residents and the correct application of tax provisions to determine liability. en-us Thu, 08 Jun 1978 00:00:00 +0530 Fri, 02 Apr 2010 12:24:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37935 The High Court declined to answer the questions referred and directed the Tribunal to re-examine the matter in accordance with the law, emphasizing the importance of determining income received or accruing in India under the Income Tax Act. The Court stressed the need for assessments based on yearly receipts and expenses, not lump sum amounts, in cases involving non-residents. The judgment provided a detailed analysis of the tax implications of contracts with non-residents and the correct application of tax provisions to determine liability. Case-Laws Income Tax Thu, 08 Jun 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37935