Supreme Court of India
Commissioner of Income-tax, Andhra Pradesh Hyderabad v. Toshoku Ltd. Guntur Etc.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
1 Supreme Court bench has cited this judgment.
What the Court ordered
For the foregoing reasons, the appeals fail and are hereby dismiss ed with costs. (Hearing fee one set).
Judgment, page 7
From the headnote
Commission payable to non-resident foreign agent by the statutory agent Statutory agent making credit a1id debit entries in his books of account under the head "commission account" on receipt of the sale price from the foreign agent and thereafter on remitting the commission amount to the foreign agent-Whether the commission amounts sent were assessable to income tax .Sections 5(2), 9(1)(i), 160, 161 and 163 of the Income Tax Act. 1961 read with Board's Circular (XXVII-l) of 1953 No. 26 (II/53) dated July 17, 1953- Whether the amounts should be treated as income deemed to have acr.rued or
Where later benches applied it
Of those, 1 mentioned
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