https://www.taxtmi.com/caselaws?id=389727 The ITAT upheld the Ld.CIT(A)'s decision, ruling that the transactions between the assessee and stockists were sales, not subject to TDS deductions under sections 194J and 194H of the Income Tax Act, 1961. The interest levied under section 201(1A) was also deleted as the appellant was not considered a defaulter. The ITAT's decision was based on the nature of the transactions being principal-to-principal, supported by relevant case laws and agreements, ultimately dismissing the revenue's appeal and the assessee's cross objection. en-us Wed, 27 Nov 2019 00:00:00 +0530 Sat, 14 Dec 2019 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389727 The ITAT upheld the Ld.CIT(A)'s decision, ruling that the transactions between the assessee and stockists were sales, not subject to TDS deductions under sections 194J and 194H of the Income Tax Act, 1961. The interest levied under section 201(1A) was also deleted as the appellant was not considered a defaulter. The ITAT's decision was based on the nature of the transactions being principal-to-principal, supported by relevant case laws and agreements, ultimately dismissing the revenue's appeal and the assessee's cross objection. Case-Laws Income Tax Wed, 27 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389727