No 194H on discount to stockist-dealers – Bom HC

The Hon’ble Bombay High Court in the Intervet India Private Limited has ruled that provisions of Sec 194H and thereby sec 40(a)(ia) are not applicable on discounts paid to stockists and dealers as the relationship was on principal to principal basis.

For complete text of judgement click here No 194H on discount to stockists-dealers-Bom HC