A method and a device of transmitting or receiving a downlink channel from multiple transmission and reception points in a wireless communication system is disclosed. A method of receiving a downlink signal by a terminal in a wireless communication system according to an embodiment of the present disclosure may include repeatedly receiving a downlink control channel including same downlink control information (DCI) in at least one transmission occasion (TO) from at least one transmission reception point (TRP); and based on the DCI including control information related to downlink signal reception, based on a time offset between a specific TO of the at least one TO and a receiving timing of a downlink signal related to the DCI being less than a predetermined threshold, receiving the downlink signal from a single TRP based on a default transmission configuration indicator (TCI) state and the default TCI state may be a TCI state related to a search space set or a control resource set (CORESET) having a lowest identifier in a latest slot that the terminal monitors.