Natural justice in insolvency-professional discipline requires disclosed material; notices based on extraneous material and ignored defences are vitia...
Development rights transfers treated as immovable property, while construction abatement applies and repeated non-payment permits extended service-tax...
Income Disclosure Scheme immunity and search-material requirements barred further share-transaction additions in unabated assessments under section 15...
The Court held that the assessee was not liable to deduct tax at source u/s 194H on the discounted price paid to franchisees/distributors, as they were not agents or commission recipients. The Supreme Court's decision in Bharti Airtel Limited's case, involving similar facts, was applied, wherein it was ruled that Section 194H was not attracted. Consequently, further adjudication was deemed unnecessary, and the question was answered in favor of the assessee against the revenue.
The Court held that the assessee was not liable to deduct tax at source u/s 194H on the discounted price paid to franchisees/distributors, as they were not agents or commission recipients. The Supreme Court's decision in Bharti Airtel Limited's case, involving similar facts, was applied, wherein it was ruled that Section 194H was not attracted. Consequently, further adjudication was deemed unnecessary, and the question was answered in favor of the assessee against the revenue.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
