https://www.taxtmi.com/caselaws?id=233691 The Tribunal upheld the Ld CIT(A)'s decision to delete the addition of Rs. 69,22,791/- and Rs. 69,28,562/- as disallowance under section 40(a)(Ia) for non-deduction of TDS on commission paid for mutual fund transactions. Relying on legal precedents and the definition of securities under section 194H, the Tribunal dismissed the revenue's appeal, emphasizing that commission on mutual fund units does not require TDS deduction. The decision was based on industry practice, judicial precedents, and the specific exclusion of mutual funds from the definition of securities under section 194H. en-us Tue, 30 Apr 2013 00:00:00 +0530 Fri, 10 May 2013 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233691 The Tribunal upheld the Ld CIT(A)'s decision to delete the addition of Rs. 69,22,791/- and Rs. 69,28,562/- as disallowance under section 40(a)(Ia) for non-deduction of TDS on commission paid for mutual fund transactions. Relying on legal precedents and the definition of securities under section 194H, the Tribunal dismissed the revenue's appeal, emphasizing that commission on mutual fund units does not require TDS deduction. The decision was based on industry practice, judicial precedents, and the specific exclusion of mutual funds from the definition of securities under section 194H. Case-Laws Income Tax Tue, 30 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233691