https://www.taxtmi.com/caselaws?id=38751 The court ruled in favor of the assessee, Hindustan Shipyard Ltd., finding no business connection that would warrant treating it as the agent of the non-resident Polish company under the Income-tax Act, 1961. The relationship between the two entities was deemed a principal-to-principal transaction without mutual interest or control indicative of a business connection. Therefore, Hindustan Shipyard Ltd. was not liable for the income tax of the Polish company. The assessee was awarded costs of the reference, including an advocate's fee of Rs. 250. en-us Tue, 08 Apr 1975 00:00:00 +0530 Thu, 08 Apr 2010 17:30:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38751 The court ruled in favor of the assessee, Hindustan Shipyard Ltd., finding no business connection that would warrant treating it as the agent of the non-resident Polish company under the Income-tax Act, 1961. The relationship between the two entities was deemed a principal-to-principal transaction without mutual interest or control indicative of a business connection. Therefore, Hindustan Shipyard Ltd. was not liable for the income tax of the Polish company. The assessee was awarded costs of the reference, including an advocate's fee of Rs. 250. Case-Laws Income Tax Tue, 08 Apr 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38751