Amount received from client by Solicitor in capacity of principal and agent is not income

Brief of the Case

In the Case of ACIT vs Sri Pawan Kumar Jhunjhunwala, ITAT Kolkata held that solicitor is the agent of the client. The client makes over the money to the solicitor for some work being done by the solicitor as his agent. The solicitor remains liable to account by this money to his client and hence it does not become the income of the assessee.

Fact of the Case

The assessee was an individual and engaged in t

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