An Asset management company can be treated as an agent of non-resident investors

Court :Mumbai bench of the Income-tax Appellate Tribunal

Citation : Birla Sunlife Asset Management Company v. ITO [2010] 38 SOT 523 (MUM),

Brief :Asset management company can be treated as an agent of its non-resident investors under section 163 of the Income-tax Act, 1961 (the Act).

Facts of the case

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