Revenue authority mandates using scheme-specific reversal procedures, not revising original entries, for instrument-based trade/customs benefits effec...
Transaction value under s.15(1) governs unrelated sales; valuation between related parties per Rule 28; consignment note required for unregistered rec...
ITAT upheld the CIT(A)'s determination that the impugned payments by the assessee-hospital to the doctors constituted professional fees and not salaries, finding the contractual relationship to be that of independent professionals (doctors free to practice elsewhere, not entitled to provident fund or terminal benefits, and not exclusively engaged). Revenue failed to controvert these factual findings; accordingly, the Tribunal held that withholding under s.192 was inapplicable and the provisions of ss.201(1)/201(1A) could not be invoked to fasten liability on the assessee. The AO's demand based on salary treatment was set aside and the appeal allowed in favour of the assessee-hospital.
ITAT upheld the CIT(A)'s determination that the impugned payments by the assessee-hospital to the doctors constituted professional fees and not salaries, finding the contractual relationship to be that of independent professionals (doctors free to practice elsewhere, not entitled to provident fund or terminal benefits, and not exclusively engaged). Revenue failed to controvert these factual findings; accordingly, the Tribunal held that withholding under s.192 was inapplicable and the provisions of ss.201(1)/201(1A) could not be invoked to fasten liability on the assessee. The AO's demand based on salary treatment was set aside and the appeal allowed in favour of the assessee-hospital.
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