https://www.taxtmi.com/caselaws?id=49468 Where amounts originally representing a debtor-creditor relation are, by agreement, credited in the taxpayer's books to an account in the name of a non resident and held for and on behalf of that non resident, the sums change character to deposits held for the non resident and constitute receipt within the taxable territory. Clause (a) of the taxing provision applies independently of clause (c), and such credited sums are chargeable to tax in India; related provisions identify agents for liability and provide recovery mechanisms. en-us Tue, 16 Jan 1962 00:00:00 +0530 Thu, 28 Aug 2014 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49468 Where amounts originally representing a debtor-creditor relation are, by agreement, credited in the taxpayer's books to an account in the name of a non resident and held for and on behalf of that non resident, the sums change character to deposits held for the non resident and constitute receipt within the taxable territory. Clause (a) of the taxing provision applies independently of clause (c), and such credited sums are chargeable to tax in India; related provisions identify agents for liability and provide recovery mechanisms. Case-Laws Income Tax Tue, 16 Jan 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49468