IDEA CELLULAR LIMITED (AS SUCCESSOR TO SPICE COMMUNICATIONS LIMITED),MUMBAI vs. DY. CIT, CIRCLE- 3(2), MUMBAI
In the result, the appeals of the Revenue are dismissed
ITA 3425/MUM/2014[2009-10]Status: DisposedITAT Mumbai24 Feb 2023AY 2009-10
Bench: The Ld. Cit(A) Is Interconnected With Ground No.Ii. Hence, They Are Taken Up Together For Disposal.
Section 143(3)Section 194HSection 40Section 40a
purchase of prepaid cards. Only after the resale of those prepaid cards, distributors would derive income. At the time of the assessee selling these pre-paid cards, he is not in possession of any income belonging to the distributor. Therefore, the question of any income accruing or arising to the distributor at the point of time of sale of prepaid
