https://www.taxtmi.com/caselaws?id=60698 The Tribunal dismissed the appeals filed by the assessee-company and allowed the appeal filed by the revenue. It upheld the Assessing Officer's action of treating the assessee-company as an agent under section 163 of the Income-tax Act and taxing the refunded duty drawback and central excise rebate received in India on behalf of the non-resident foreign buyers. The Tribunal held that these receipts were taxable in the hands of the foreign buyers and not the assessee-company, setting aside the CIT(A)'s order and restoring the AO's computation of total income. en-us Wed, 30 Apr 2003 00:00:00 +0530 Fri, 07 Jan 2011 16:47:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60698 The Tribunal dismissed the appeals filed by the assessee-company and allowed the appeal filed by the revenue. It upheld the Assessing Officer's action of treating the assessee-company as an agent under section 163 of the Income-tax Act and taxing the refunded duty drawback and central excise rebate received in India on behalf of the non-resident foreign buyers. The Tribunal held that these receipts were taxable in the hands of the foreign buyers and not the assessee-company, setting aside the CIT(A)'s order and restoring the AO's computation of total income. Case-Laws Income Tax Wed, 30 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60698