https://www.taxtmi.com/caselaws?id=313752 The Tribunal ruled in favor of the assessee, determining that payments made by NAFED to KSCMFL or procuring societies were not "commission" under section 194H, as they were principal-to-principal transactions. Consequently, NAFED was not required to deduct tax at source, could not be deemed an assessee in default under section 201(1), and interest under section 201(1A) was not applicable. The Tribunal annulled the Assessing Officer's orders, allowing the appeals. en-us Fri, 08 Mar 2013 00:00:00 +0530 Wed, 01 May 2024 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313752 The Tribunal ruled in favor of the assessee, determining that payments made by NAFED to KSCMFL or procuring societies were not "commission" under section 194H, as they were principal-to-principal transactions. Consequently, NAFED was not required to deduct tax at source, could not be deemed an assessee in default under section 201(1), and interest under section 201(1A) was not applicable. The Tribunal annulled the Assessing Officer's orders, allowing the appeals. Case-Laws Income Tax Fri, 08 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313752