https://www.taxtmi.com/caselaws?id=442803 The Tribunal ruled in favor of the assessee, holding that Tax at Source (TDS) was not required to be deducted on the discount provided to retailers on the sale of prepaid sim cards and mobile recharge cards. The decision was based on the principle that the transaction was on a principal-to-principal basis, similar to a precedent set by the Hon'ble Bombay High Court in a related case. Consequently, the appeal of the assessee was allowed. en-us Wed, 02 Aug 2023 00:00:00 +0530 Sat, 09 Sep 2023 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442803 The Tribunal ruled in favor of the assessee, holding that Tax at Source (TDS) was not required to be deducted on the discount provided to retailers on the sale of prepaid sim cards and mobile recharge cards. The decision was based on the principle that the transaction was on a principal-to-principal basis, similar to a precedent set by the Hon'ble Bombay High Court in a related case. Consequently, the appeal of the assessee was allowed. Case-Laws Income Tax Wed, 02 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442803