1984 (11) TMI 9 - HC - Income Tax

Summary

The High Court of Karnataka ruled that income derived from another firm through the representative of the assessee-firm is liable for income tax in the hands of the assessee-firm. The court rejected the plea of double taxation and upheld the assessment made by the Income-tax Officer. The Commissioner of Income-tax (Appeals) and the Tribunal also supported this decision. The court concluded that there was no double taxation involved in this case.