https://www.taxtmi.com/highlights?id=95642 Discount/margins retained by stockists on distribution of goods were held not to be "commission or brokerage" because the arrangement was principal-to-principal: invoices evidenced outright sales with applicable indirect tax, stockists bore inventory risk, had limited regulatory-compliance controls only, and independently recorded purchases/sales and offered profits to tax; further, the payer received sale consideration and did not make any commission payment, hence no TDS obligation under s.194H and no default under ss.201/201(1A). ESOP taxation arose only on exercise/allotment under s.17(2)(vi) and not at mere grant, so no TDS under s.192 and the demand was deleted. Interest for delayed payment to MSME suppliers was treated as part of sal..... en-us Fri, 02 Jan 2026 07:51:52 +0530 Fri, 02 Jan 2026 07:51:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=95642 Discount/margins retained by stockists on distribution of goods were held not to be "commission or brokerage" because the arrangement was principal-to-principal: invoices evidenced outright sales with applicable indirect tax, stockists bore inventory risk, had limited regulatory-compliance controls only, and independently recorded purchases/sales and offered profits to tax; further, the payer received sale consideration and did not make any commission payment, hence no TDS obligation under s.194H and no default under ss.201/201(1A). ESOP taxation arose only on exercise/allotment under s.17(2)(vi) and not at mere grant, so no TDS under s.192 and the demand was deleted. Interest for delayed payment to MSME suppliers was treated as part of sal..... Highlights Income Tax Fri, 02 Jan 2026 07:51:52 +0530 https://www.taxtmi.com/highlights?id=95642