Difference in MRP and Price sold to Stockists do not constitute ‘Commission’, No TDS: ITAT [Read Order]

MRP and Price - Stockists - constitute - Commission - TDS - ITAT - Taxscan

The Pune bench of the Income Tax Appellate Tribunal (ITAT), Pune bench has held that the difference between the MRP and the price sold to Stockists, cannot be considered as commission or brokerage paid by the assessee to its Stockists and therefore, TDS provisions under section 194H of the Income Tax Act, 1961 cannot be…

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