A two-judge bench of the Bombay High Court has held that mere reference of the term ‘agency’ in the agreement itself is not conclusive of the relationship between parties for attracting Section 28(ii)(c) of the Income Tax Act, 1961. The assessee had entered into an agreement with US-based company Sealand Service Inc. by name. Under […]
The post Section 28(ii)(c) would not attract merely because Agreement contains the Term ‘Agency’: Bombay HC [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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