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2017 (5) TMI 350 - AT - Income TaxTDS u/s 194H - non deduction of tds on payments made by assessee to other race clubs - relationship of ‘agent’ and ‘principal’ - assessee paid commission at 23% of its income as per the agreement between assessee and other clubs - Held that:- CIT-A in AYs. 2001-02 to 2008-09 fairly concluded that the nature of transaction on account of inter-venue betting between HRC and other clubs is on ‘principal’ to ‘principal’ basis and hence, the demand u/s. 201(1A) did not survive. Thus as here is no ‘agent-principal’ relationship and provisions of Section 194H are not attracted. - Decided in favour of assessee.
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