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2017 (5) TMI 481 - AT - Income TaxTDS u/s 194H - Default under section 201(1) - non deduction of TDS on expenses/payments incurred on account of bank guarantee commission - Held that:- Following the order of the Coordinate Bench in the assessee’s own case for A.Y. 2011-12 [2016 (7) TMI 1284 - ITAT MUMBAI] we hold that the assessee in the case on hand is not required to deduct tax at source under section 194H of the Act in respect of bank guarantee commission/charges paid to banks. Also see Kotak Securities Limited Versus Deputy Commissioner of Income-tax, TDS Circle 2(1), Mumbai [2012 (2) TMI 77 - ITAT MUMBAI] - Decided in favour of assessee.
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