Full TDS Credit Allowed as Commission Income Already Taxed: ITAT Visakhapatnam

Lakshmi General Stores Vs ITO (ITAT Visakhapatnam) The assessee, a licensed chillies commission agent operating in the Agricultural Market Yard (AMCY), Guntur, filed appeals before the Tribunal challenging separate orders of the CIT(A) for assessment years 2022-23 and 2023-24. The assessee is registered under the Andhra Pradesh Agricultural Produce and Livestock Markets Act, 1966 and earns a 2% commission from farmers on sales made to licensed buyers, traders, and exporters. Only commission income is treated as taxable income, although traders deducted TDS under Section 194Q on the entire sale...