Commission Agent Not Taxed on Principal’s Sales: ITAT Grants Full TDS Credit

Koti Narasimha Srinivas Vukkurthi Vs ITO (ITAT Visakhapatnam) Income Tax Appellate Tribunal (ITAT) Visakhapatnam has ruled in favor of Koti Narasimha Srinivas Vukkurthi, a commission agent, settling a dispute over the calculation of turnover and the subsequent claim of Tax Deducted at Source (TDS) credit. The decision overturns previous orders from the Central Processing Centre (CPC) and the Commissioner of Income Tax (Appeals), which had restricted the assessee’s TDS credit, leading to a legal challenge. Background of the Case Koti Narasimha Srinivas Vukkurthi operates as a commission agent...