2024 (7) TMI 591

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..... assessee and the distributor is that of Principal to Principal OR Principal to Agent - As decided by HC [ 2023 (8) TMI 456 - KARNATAKA HIGH COURT] inventory risk after acquiring the product is that of the distributor. Payment from the distributor to assessee has no link with the further sales made by the distributor. commission or brokerage is described in explanation to Section 194H and CIT(A) t .....

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