Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...
ITAT held that payments made by the assessee to an unnamed service provider for composing and DTP of manuscripts constitute contract work falling within the scope of section 194C and do not amount to technical or professional fees under the explanation to section 194J. Consequently, the assessee's deduction of tax at source at 2% from contractual payments was held to be correct. The Tribunal directed the Assessing Officer to delete the demand raised for alleged short deduction under section 194J and allowed the assessee's appeal, thereby dismissing the revenue's contention and removing the resultant tax demand.
ITAT held that payments made by the assessee to an unnamed service provider for composing and DTP of manuscripts constitute contract work falling within the scope of section 194C and do not amount to technical or professional fees under the explanation to section 194J. Consequently, the assessee's deduction of tax at source at 2% from contractual payments was held to be correct. The Tribunal directed the Assessing Officer to delete the demand raised for alleged short deduction under section 194J and allowed the assessee's appeal, thereby dismissing the revenue's contention and removing the resultant tax demand.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
