https://www.taxtmi.com/caselaws?id=459137 ITAT Indore allowed the appeals for statistical purposes in a TDS case involving discount given to distributors on pre-paid products. The assessee argued the transactions were principal-to-principal arrangements involving discounts, not commissions requiring TDS u/s 194H. The Tribunal found that neither the AO nor CIT(A) properly examined the agreement terms between the assessee and distributors/dealers or considered the treatment of transactions in the books of accounts. The matter was remanded to the AO for fresh adjudication after proper verification of the agreement terms and accounting treatment to determine the actual nature of the transactions. en-us Thu, 25 May 2023 00:00:00 +0530 Mon, 02 Dec 2024 19:08:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459137 ITAT Indore allowed the appeals for statistical purposes in a TDS case involving discount given to distributors on pre-paid products. The assessee argued the transactions were principal-to-principal arrangements involving discounts, not commissions requiring TDS u/s 194H. The Tribunal found that neither the AO nor CIT(A) properly examined the agreement terms between the assessee and distributors/dealers or considered the treatment of transactions in the books of accounts. The matter was remanded to the AO for fresh adjudication after proper verification of the agreement terms and accounting treatment to determine the actual nature of the transactions. Case-Laws Income Tax Thu, 25 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459137