https://www.taxtmi.com/caselaws?id=49650 The text addresses whether a non-resident principal must reimburse income-tax an agent paid in British India on profits from forward transactions made for the principal. It explains that under the Income-tax Act machinery and deeming provisions an agent who receives or controls India-source income may be treated as the assessee and is entitled to deduct, retain and pay tax on that income; that entitlement operates independently of whether the principal's total world income is ultimately assessable; and that the agent's power and duty to withhold and retain tax is not negated by subsequent assessment outcomes. en-us Mon, 11 Nov 1957 00:00:00 +0530 Sat, 06 Sep 2014 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49650 The text addresses whether a non-resident principal must reimburse income-tax an agent paid in British India on profits from forward transactions made for the principal. It explains that under the Income-tax Act machinery and deeming provisions an agent who receives or controls India-source income may be treated as the assessee and is entitled to deduct, retain and pay tax on that income; that entitlement operates independently of whether the principal's total world income is ultimately assessable; and that the agent's power and duty to withhold and retain tax is not negated by subsequent assessment outcomes. Case-Laws Income Tax Mon, 11 Nov 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49650