TDS U/s. 194H not deductible on sales to distributors on principal to principal basis

Hindustan Coca Cola Beverages Pvt. Ltd Vs. CIT (Rajasthan High Court)

Issues Under Consideration

(i) Whether in the facts and circumstances of the case the learned Tribunal was right and justified in holding that assessee was liable to withhold tax at source under S.194H of the Income Tax Act, 1961 amounting to Rs.19,74,842/- (including interest) in respect of sales to its distributors, which are on a principal to principal basis and

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