https://www.taxtmi.com/caselaws?id=65473 The tribunal held that a public limited company providing computer education through franchisees was not liable to deduct tax under s. 194-I for amounts shared with franchisees. The agreement's main objective was revenue sharing for conducting business, not for renting premises, as evidenced by the variable nature of revenue sharing and absence of a minimum guarantee amount. The tribunal upheld the CIT(A) order and dismissed the Revenue's appeal. The company's cross-objections challenging action under s. 201 were rejected due to a delay in filing, which was not condoned. en-us Wed, 31 Oct 2007 00:00:00 +0530 Wed, 25 Jul 2012 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65473 The tribunal held that a public limited company providing computer education through franchisees was not liable to deduct tax under s. 194-I for amounts shared with franchisees. The agreement's main objective was revenue sharing for conducting business, not for renting premises, as evidenced by the variable nature of revenue sharing and absence of a minimum guarantee amount. The tribunal upheld the CIT(A) order and dismissed the Revenue's appeal. The company's cross-objections challenging action under s. 201 were rejected due to a delay in filing, which was not condoned. Case-Laws Income Tax Wed, 31 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65473