In absence of principal agent relationship section 194H not applicable

Advocate Akhilesh Kumar Sah When there is direct sale transaction between two principals and there is no principal agent relationship, provisions of section 194H are not applicable Section 194H of the Income Tax Act, 1961(for short ‘the Act’) deals with the deduction of tax at source on commission or brokerage. Before Mumbai ITAT, recently in, DCIT vs. Cox & Kings (I) Ltd. & vice-versa [ITA No.5583/Mum/2015 and ITA No.5440/Mum/2015, decided on 06.10.2017], brief facts were that the assessee was in the business of tours and travels and in the course of such business it also engage...