https://www.taxtmi.com/caselaws?id=218798 A trade discount allowed by an assessee to sub-franchisees and retailers out of an already notified margin on BSNL products was treated as a commercial discount, not a separate commission payment, so tax deduction at source under section 194H did not apply and disallowance under section 40(a)(ia) was held unsustainable. Rent paid for a shop and godown was also treated as not warranting disallowance under section 40(a)(ia) where the payee was a senior citizen, Form 15G had been furnished, and any defect in the declaration was viewed as a technical lapse rather than a basis for penalising the assessee. en-us Fri, 28 Sep 2012 00:00:00 +0530 Mon, 26 Nov 2012 08:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218798 A trade discount allowed by an assessee to sub-franchisees and retailers out of an already notified margin on BSNL products was treated as a commercial discount, not a separate commission payment, so tax deduction at source under section 194H did not apply and disallowance under section 40(a)(ia) was held unsustainable. Rent paid for a shop and godown was also treated as not warranting disallowance under section 40(a)(ia) where the payee was a senior citizen, Form 15G had been furnished, and any defect in the declaration was viewed as a technical lapse rather than a basis for penalising the assessee. Case-Laws Income Tax Fri, 28 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218798