https://www.taxtmi.com/caselaws?id=761161 ITAT Jaipur allowed appeal of Kaccha Aaratiya engaged in selling agricultural produce on behalf of farmers. Revenue disallowed TDS credit under Rule 37BA. Tribunal held that since assessee declared entire income from interest and commission in ITR on which TDS was claimed under sections 194A and 194H, full TDS credit must be allowed. Regarding section 194Q TDS, tribunal found that assessee merely facilitated sales for farmers earning only commission, with no control over goods or margins. Sales value invoiced to principal buyer matched value transferred to farmers. As commission income was fully declared in ITR, TDS under both sections 194H and 194Q deserved full allowance. Tribunal relied on CBDT circular and precedent in Madan Lal Gupta case, directing AO to allow entire TDS claimed. en-us Tue, 17 Sep 2024 00:00:00 +0530 Wed, 06 Nov 2024 08:34:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761161 ITAT Jaipur allowed appeal of Kaccha Aaratiya engaged in selling agricultural produce on behalf of farmers. Revenue disallowed TDS credit under Rule 37BA. Tribunal held that since assessee declared entire income from interest and commission in ITR on which TDS was claimed under sections 194A and 194H, full TDS credit must be allowed. Regarding section 194Q TDS, tribunal found that assessee merely facilitated sales for farmers earning only commission, with no control over goods or margins. Sales value invoiced to principal buyer matched value transferred to farmers. As commission income was fully declared in ITR, TDS under both sections 194H and 194Q deserved full allowance. Tribunal relied on CBDT circular and precedent in Madan Lal Gupta case, directing AO to allow entire TDS claimed. Case-Laws Income Tax Tue, 17 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761161