https://www.taxtmi.com/caselaws?id=49729 Sale proceeds collected in India by agents for a non-resident were treated as income received in India on the principal's behalf, so they fell within the receipt-based charging provision. Section 42, being a deeming rule for income treated as accruing or arising in India, was not exclusive where actual receipt in India was established. The appointment of a statutory agent under Section 43 did not confine assessment to Section 42 alone, because the agency mechanism could operate with other charging provisions depending on the facts. The sums were therefore chargeable in India on the basis of actual receipt. en-us Fri, 16 Jan 1953 00:00:00 +0530 Fri, 12 Sep 2014 07:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49729 Sale proceeds collected in India by agents for a non-resident were treated as income received in India on the principal's behalf, so they fell within the receipt-based charging provision. Section 42, being a deeming rule for income treated as accruing or arising in India, was not exclusive where actual receipt in India was established. The appointment of a statutory agent under Section 43 did not confine assessment to Section 42 alone, because the agency mechanism could operate with other charging provisions depending on the facts. The sums were therefore chargeable in India on the basis of actual receipt. Case-Laws Income Tax Fri, 16 Jan 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49729