https://www.taxtmi.com/caselaws?id=121718 The Tribunal allowed the appeal of the assessee, overturning the orders of the Assessing Officer and CIT(A). It held that the relationship between the assessee and concessionaires was on a principal-to-principal basis, with discounts classified as trade discounts rather than commission. Therefore, Section 194H of the Income Tax Act, which mandates tax deduction at source on commission, was not applicable. The Tribunal found no evidence of altered agreements, distinguishing the case from the Delhi Milk Scheme case, and confirmed the validity of the agreements indicating a principal-to-principal relationship. en-us Fri, 12 Dec 2008 00:00:00 +0530 Tue, 05 Dec 2023 14:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121718 The Tribunal allowed the appeal of the assessee, overturning the orders of the Assessing Officer and CIT(A). It held that the relationship between the assessee and concessionaires was on a principal-to-principal basis, with discounts classified as trade discounts rather than commission. Therefore, Section 194H of the Income Tax Act, which mandates tax deduction at source on commission, was not applicable. The Tribunal found no evidence of altered agreements, distinguishing the case from the Delhi Milk Scheme case, and confirmed the validity of the agreements indicating a principal-to-principal relationship. Case-Laws Income Tax Fri, 12 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121718