https://www.taxtmi.com/caselaws?id=457138 A commission agent acting as a Kachcha Arhtia was held entitled to TDS credit where the purchases and sales were undertaken on behalf of principals, invoices were raised for identical amounts, and the assessee earned only commission. The apparent sale value represented principal transactions, not the assessee's own trading turnover, so its omission from the assessee's audited turnover could not justify denial of credit under section 194Q. The objection based on sections 37BA and 199 was not sustainable on these facts, and the assessee's claim for TDS credit was accepted. en-us Tue, 30 Apr 2024 00:00:00 +0530 Fri, 06 Sep 2024 20:53:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457138 A commission agent acting as a Kachcha Arhtia was held entitled to TDS credit where the purchases and sales were undertaken on behalf of principals, invoices were raised for identical amounts, and the assessee earned only commission. The apparent sale value represented principal transactions, not the assessee's own trading turnover, so its omission from the assessee's audited turnover could not justify denial of credit under section 194Q. The objection based on sections 37BA and 199 was not sustainable on these facts, and the assessee's claim for TDS credit was accepted. Case-Laws Income Tax Tue, 30 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457138