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2017 (11) TMI 120 - AT - Income TaxDeduction of TDS from bank guarantee commission paid on or before 31st. December 2012 - Held that:- Notification issued by the CBDT prescribed that no tax is required to be deducted in case of payments of bank guarantee commission to the banks - Hon Delhi High court in JDS apparel P. ltd (2014 (11) TMI 732 - DELHI HIGH COURT) has held that bank is not acting as an agent of the assessee. No tax is required to be deducted on bank guarantee commission paid to a Nationalised Bank and therefore, disallowance has been correctly deleted by the ld CIT(A). In the result solitary ground of appeal is dismissed.
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