Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2012 (9) TMI 298 - SCH - Income Tax
Non deduction of TDS - commission or brokerage to the persons carrying on the business as "stamp vendors" - Held that:- As satisfying with the decisions taken in assessee's own case in [2002 (6) TMI 32 - GUJARAT HIGH COURT] that 0.50% to 4% discount given to the Stamp Vendors is for purchasing the stamps in bulk quantity and the said discount is in the nature of cash discount, thus concluding that the impugned transaction is a sale and consequently, Section 194H has no application - in favour of assessee.