SRI LAKSHMI GENERAL STORES,GUNTUR vs. INCOME TAX OFFICER, WARD-1(1), GUNTUR

In the result, appeal of the assessee in ITA

Bench: SHRI G. MANJUNATHA, HON’BLE (Accountant Member), SHRI RAVISH SOOD, HON’BLE (Judicial Member)

Section 199 and Rule 37BA(2) of the Income Tax Rules, 1962, observed that, when the assessee is only a commission agent and receives commission of 2% on total sale value, then he ought to have filed declarations with the deductor that the sales are not its sales and that, it is merely acting as a commission agent facilitating

SRI LAKSHMI GENERAL STORES,GUNTUR vs. INCOME TAX OFFICER, WARD-1(1), GUNTUR

In the result, appeal of the assessee in ITA