https://www.taxtmi.com/caselaws?id=752035 ITAT Patna held that TDS u/s 194H was applicable on commission paid to Primary Agriculture Co-operative Society (PACS) for procurement activities. The assessee corporation argued transactions were on principal-to-principal basis as PACS bore procurement risks and made advance payments. However, following precedent in a similar case, ITAT restored the matter to assessing officer for verification and calculation of correct commission amount and TDS liability. The assessee was directed to provide full cooperation by furnishing relevant materials. Appeals were allowed for statistical purposes. en-us Mon, 29 Apr 2024 00:00:00 +0530 Wed, 01 May 2024 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752035 ITAT Patna held that TDS u/s 194H was applicable on commission paid to Primary Agriculture Co-operative Society (PACS) for procurement activities. The assessee corporation argued transactions were on principal-to-principal basis as PACS bore procurement risks and made advance payments. However, following precedent in a similar case, ITAT restored the matter to assessing officer for verification and calculation of correct commission amount and TDS liability. The assessee was directed to provide full cooperation by furnishing relevant materials. Appeals were allowed for statistical purposes. Case-Laws Income Tax Mon, 29 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752035