TDS Credit Granted as Assessee Acted Only as Commission Agent: ITAT Chandigarh

Ravi Parkesh Vs ITO (ITAT Chandigarh) TDS Credit Cannot Be Denied to Commission Agent: Gross Receipts Irrelevant The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) directed the Revenue to grant full credit of TDS to the assessee, holding that TDS deducted on gross receipts does not disentitle a commission agent from claiming credit, even if such gross amounts are not offered to tax. In the present case, the assessee was acting as a Kachha Arhtia (commission agent), receiving sale proceeds from traders on behalf of farmers and retaining only commission income as taxable receipts. ...