https://www.taxtmi.com/caselaws?id=273812 The High Court upheld the Tribunal's decision in a tax case, ruling in favor of the assessee and against the department. The Court agreed that the discounts allowed were not subject to tax deduction at source under Section 194H as they were considered principal-to-principal transactions, not commission-based. The Court dismissed the appeals, affirming the deletion of disallowance for non-deduction of tax at source. en-us Wed, 11 Oct 2017 00:00:00 +0530 Mon, 01 Oct 2018 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273812 The High Court upheld the Tribunal's decision in a tax case, ruling in favor of the assessee and against the department. The Court agreed that the discounts allowed were not subject to tax deduction at source under Section 194H as they were considered principal-to-principal transactions, not commission-based. The Court dismissed the appeals, affirming the deletion of disallowance for non-deduction of tax at source. Case-Laws Income Tax Wed, 11 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273812