TMI BlogAssessee-Agent Commission Deemed Taxable, Including Waived Amounts by Principals, as Income in Their Hands.Amounts received by the assessee-agent on behalf of the Principal - nature of income - amount waived by the Principals - held as in the nature of commission and taxable in the hands of assessee ..... X X X X Extracts X X X X X X X X Extracts X X X X
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