https://www.taxtmi.com/caselaws?id=14317 The HC set aside Exhibit P-4, ruling that the petitioners were not liable under Section 194G of the Income-tax Act, 1961. The court determined that the transactions were principal-to-principal, not agency-based, and that the discount received did not constitute "income" or "commission." Consequently, the demand for tax deduction at source on lottery ticket sales was deemed unsustainable and without jurisdiction. The original petition was allowed. en-us Fri, 10 Nov 2000 00:00:00 +0530 Thu, 04 Apr 2024 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14317 The HC set aside Exhibit P-4, ruling that the petitioners were not liable under Section 194G of the Income-tax Act, 1961. The court determined that the transactions were principal-to-principal, not agency-based, and that the discount received did not constitute "income" or "commission." Consequently, the demand for tax deduction at source on lottery ticket sales was deemed unsustainable and without jurisdiction. The original petition was allowed. Case-Laws Income Tax Fri, 10 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14317