https://www.taxtmi.com/caselaws?id=470162 A Kachha Arhtia acting as an agent may claim credit for tax deducted under Section 194Q on principal-related purchases even though the gross purchase and sale values are not its turnover. As its taxable income is confined to commission and the underlying transactions and TDS deduction are reflected in its account, non-disclosure of gross transaction values as turnover does not bar the credit. TDS credit for interest and commission under Sections 194A and 194H is also allowable where the corresponding income is recorded and reconciled without identified discrepancies. The article states that the full TDS-credit claims were accepted and related adjustments removed. en-us Tue, 18 Mar 2025 00:00:00 +0530 Fri, 17 Jul 2026 21:38:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470162 A Kachha Arhtia acting as an agent may claim credit for tax deducted under Section 194Q on principal-related purchases even though the gross purchase and sale values are not its turnover. As its taxable income is confined to commission and the underlying transactions and TDS deduction are reflected in its account, non-disclosure of gross transaction values as turnover does not bar the credit. TDS credit for interest and commission under Sections 194A and 194H is also allowable where the corresponding income is recorded and reconciled without identified discrepancies. The article states that the full TDS-credit claims were accepted and related adjustments removed. Case-Laws Income Tax Tue, 18 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470162