https://www.taxtmi.com/caselaws?id=62365 The Tribunal determined that the relationship between the assessee and its distributors was on a principal-to-principal basis, not a principal-to-agent basis. It concluded that the margins earned by the distributors were trade discounts rather than commission. As a result, Section 194H of the Income-tax Act, which requires tax deduction at source for commission payments, was not applicable. Consequently, the assessee was not liable to deduct TDS on these transactions and could not be treated as an "assessee in default" under Sections 201(1) and 201(1A). en-us Thu, 30 Apr 2009 00:00:00 +0530 Thu, 19 Oct 2023 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62365 The Tribunal determined that the relationship between the assessee and its distributors was on a principal-to-principal basis, not a principal-to-agent basis. It concluded that the margins earned by the distributors were trade discounts rather than commission. As a result, Section 194H of the Income-tax Act, which requires tax deduction at source for commission payments, was not applicable. Consequently, the assessee was not liable to deduct TDS on these transactions and could not be treated as an "assessee in default" under Sections 201(1) and 201(1A). Case-Laws Income Tax Thu, 30 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62365