Section 194H TDS Not Applicable If Assessee Not Paying Income in Business Transactions: SC

Bharti Cellular Limited Vs ACIT (Supreme Court of India) In a recent landmark decision, the Supreme Court of India rendered a significant ruling regarding the application of Section 194-H of the Income Tax Act, 1961, in the case of Bharti Cellular Limited Vs ACIT. This ruling has far-reaching implications for cellular service providers and their dealings with franchisees and distributors. Here’s a comprehensive overview of the case and its implications. Background: The case revolved around whether cellular mobile service providers are liable to deduct tax at source on the income/profit ...