https://www.taxtmi.com/caselaws?id=303486 The Income Tax Appellate Tribunal's decision regarding the deduction of tax on discounts given to distributors on prepaid SIM cards under Section 194H for the Assessment Year 2012-13 was challenged. The Tribunal, following the Karnataka High Court's ruling in a similar case, held that the discounts were not subject to TDS as they did not constitute commission. Citing a subsequent High Court decision on a related matter, the Tribunal reiterated that tax deduction under Section 194H did not apply to transactions between parties on a principal to principal basis. Consequently, the Appeal was dismissed based on established legal principles and precedents. en-us Mon, 13 Jan 2020 00:00:00 +0530 Tue, 26 Jul 2022 20:33:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303486 The Income Tax Appellate Tribunal's decision regarding the deduction of tax on discounts given to distributors on prepaid SIM cards under Section 194H for the Assessment Year 2012-13 was challenged. The Tribunal, following the Karnataka High Court's ruling in a similar case, held that the discounts were not subject to TDS as they did not constitute commission. Citing a subsequent High Court decision on a related matter, the Tribunal reiterated that tax deduction under Section 194H did not apply to transactions between parties on a principal to principal basis. Consequently, the Appeal was dismissed based on established legal principles and precedents. Case-Laws Income Tax Mon, 13 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303486