https://www.taxtmi.com/caselaws?id=755367 The Apex Ct. ruled that assessees are not required to deduct tax at source under Section 194H of the Income Tax Act, 1961, on commissions paid to agents under franchise/distributorship agreements. Consequently, appeals by assessees against Delhi and Calcutta HCs were allowed, and Revenue's appeals against Rajasthan, Karnataka, and Bombay HCs were dismissed. The High Ct. disposed of the Revenue's appeal, aligning with the Apex Ct.'s decision, concluding the matter. en-us Mon, 01 Jul 2024 00:00:00 +0530 Wed, 10 Jul 2024 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755367 The Apex Ct. ruled that assessees are not required to deduct tax at source under Section 194H of the Income Tax Act, 1961, on commissions paid to agents under franchise/distributorship agreements. Consequently, appeals by assessees against Delhi and Calcutta HCs were allowed, and Revenue's appeals against Rajasthan, Karnataka, and Bombay HCs were dismissed. The High Ct. disposed of the Revenue's appeal, aligning with the Apex Ct.'s decision, concluding the matter. Case-Laws Income Tax Mon, 01 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755367