Commissioner Of Income Tax vs T.I. & M. Sales Ltd.
Whether the Indian company had business connection with non-resident companies under section 163 of the Income Tax Act 1961, making it liable as their agent for taxation of deemed profits accruing in India --- Held No. Whether profits could be deemed to accrue or arise in India to non-resident companies from goods sold to Indian customers --- Not required to answer as no business connection established.
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