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Income Tax Case Laws - Section: 194D


Income Tax

Cases for Section: 194D
Showing 1 to 7 of 7 Records

2011 (12) TMI 226 - ITAT CHENNAI

Assistant Commissioner of Income-tax, Company Circle V(4) Versus Richard Strauss Insurance Broking (P.) Ltd.

Business expenditure - CIT(A) deleted disallowance of various expenses expenses disallowed by A.O. on ground that same have been incurred by Shriram Group Companies(SGC) though paid by assessee invoices are raised in name of Shriram group of comp ......

2010 (10) TMI 359 - ITAT, MUMBAI

Tata AIG General Insurance Co. Ltd. Versus Income-tax Officer (OSD) 3(2)

TDS on reinsurance commission - Survey - Assessee in default - there was no agency relationship between the assessee and Bajaj and the arrangement between the parties was to share the premium, risk etc. on principal-to-principal basis - assessee comp ......

2009 (2) TMI 234 - ITAT BOMBAY-G

General Insurance Corporation Of India. Versus Assistant Commissioner Of Income-Tax.

Commission Paid On Reinsurance ......

........... service of soliciting or procuring of insurance business for the assessee company. On the other hand, the assessee company has provided reinsurance to the insurance companies. The insurance companies do not get business from the insured for the assessee. The said insurance companies have got business for themselves and not for the assessee company. The insurance companies get business either directly or through agents. If any commission is paid to the agents by them, that attracts provisions of s. 194D as the same is paid for services rendered for soliciting or procuring insurance business. If the insurance companies reduce the premium directly from the premium payable by the insured on account of no claim bonus, etc. such a deduction will not attract the provisions of s. 194D. On the facts of the present case. s. 194D is not attracted. We hold accordingly. The order under ss. 201(1) and 201(1A) is accordingly set aside. 38. In the result, appeals of the assessee are allowed.

2007 (9) TMI 190 - DELHI HIGH COURT


Since assessee was assessed to a loss for the A.Y. 1976-77 to 1978-79, thus for the AY 1979-80, assessee was not required to compute advance tax as per sec. 209(1)(a) or file a statement of advance tax interest levied for non-furnishing of statemen ......

2007 (7) TMI 7 - HIGH COURT , BOMBAY

Yashpal Sahni Versus 1. Rekha Hajarnavis, 2. KC Meena, 3. Tarkeshwar Singh, 4. KM Verma, 5. The Union of India, 6. Lan Eseda Industries Ltd.

Where the employer deduct TDS from the salary of employee, whether the revenue can recover the said amount of TDS with interest from the concerned employee? It was held that revenue can not collect TDS from the employee directly. Bar contained in sec ......



Revenue contended that (i) Extra shift allowance has to be calculated on the basis of the number of days on which the concern worked (ii) Assessee liable for interest u/s 215 and 217(1A) Held that revenue contention was not correct and allowed appe ......

2006 (4) TMI 50 - ITAT, KOLKATA


Deduction of tax at source - Revenue contended that assessee had paid commission to the franchisees and liable to deduct tax at source but as per assessee it is discount on sale - Held that revenue contention was correct and regarded assessee as defa ......



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