2024 (8) TMI 1190 - SCH - Income Tax

TDS u/s 194H - Discount offered by the appellant on sale of Prepaid SIM cards and Recharge coupons - relationship between appellant and its distributors was not that of a Principal to Principal', but only a 'Principal-Agent relationship' - As decided by HC 2024 (1) TMI 1312 - TELANGANA HIGH COURT Section 194H is applicable in respect of amounts paid to the agents in connection with sale of SIM cards and other services is adaptable HELD THAT - The issue in this case is squarely covered by the decision of this Court in Bharti Cellular Limited (now Bharti Airtel Limited) v. Assistant Commissioner of Income Tax, Circle 57, Kolkata Anr 2024 (3) TMI 41 - SUPREME COURT . Thus, the present appeals are allowed, and the impugned judgment(s) is set aside by holding that the parties will be bound by the decision in Bharti Cellular Limited (now Bharti Airtel Limited).

Summary

The Supreme Court allowed the appeals and set aside the impugned judgment, stating that the parties will be bound by the decision in Bharti Cellular Limited v. Assistant Commissioner of Income Tax.