https://www.taxtmi.com/caselaws?id=467578 Where a kachha arhtia acts only as an agent for principals, invoices transactions in the principal's name and earns commission alone, the amounts relating to purchases and sales made for the principal are not treated as the agent's turnover for income-tax purposes. Applying the Board circular and prior coordinate bench rulings, the Tribunal held that tax deducted under section 194Q on such purchase transactions does not alter that character and the assessee remains entitled to credit or refund of the TDS. The disallowance was deleted and the refund was directed to be granted. en-us Tue, 18 Feb 2025 00:00:00 +0530 Tue, 24 Mar 2026 19:07:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467578 Where a kachha arhtia acts only as an agent for principals, invoices transactions in the principal's name and earns commission alone, the amounts relating to purchases and sales made for the principal are not treated as the agent's turnover for income-tax purposes. Applying the Board circular and prior coordinate bench rulings, the Tribunal held that tax deducted under section 194Q on such purchase transactions does not alter that character and the assessee remains entitled to credit or refund of the TDS. The disallowance was deleted and the refund was directed to be granted. Case-Laws Income Tax Tue, 18 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467578