https://www.taxtmi.com/caselaws?id=785656 Assessee acted as a commission agent receiving payments from traders on behalf of farmers; commission receipts constitute assessee income while principal funds collected for farmers are not revenue receipts of the assessee. Amounts reflected in deductors' statements that represent principal collections were not assessable to the assessee, yet TDS was deducted from those sums; credit for such TDS is therefore available to the assessee. The tax officer is directed to grant full credit of TDS claimed, since the legal characterisation of receipts and beneficial ownership determine entitlement to credit regardless of the specific withholding provision applied. en-us Wed, 07 Jan 2026 00:00:00 +0530 Thu, 29 Jan 2026 09:51:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785656 Assessee acted as a commission agent receiving payments from traders on behalf of farmers; commission receipts constitute assessee income while principal funds collected for farmers are not revenue receipts of the assessee. Amounts reflected in deductors' statements that represent principal collections were not assessable to the assessee, yet TDS was deducted from those sums; credit for such TDS is therefore available to the assessee. The tax officer is directed to grant full credit of TDS claimed, since the legal characterisation of receipts and beneficial ownership determine entitlement to credit regardless of the specific withholding provision applied. Case-Laws Income Tax Wed, 07 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785656