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Income Tax - Highlights / Catch Notes

Home Highlights September 2014 Year 2014 This

Income deemed to accrue or arise as per Explanation to Section ...


High Court Confirms Income Deemed Accrued Under Sec 9(1)(i)(b) Even Without Direct Purchase Orders by Assessee.

September 30, 2014

Case Laws     Income Tax     HC

Income deemed to accrue or arise as per Explanation to Section 9(1)(i)(b) or not – Merely because the assessee do not place orders for purchase, in law it makes no difference - Without placing an order in its name the assessee is enabling a foreign buyer to place order directly with the manufacturer - HC

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