https://www.taxtmi.com/caselaws?id=255157 The Tribunal allowed the Revenue's appeal, reversing the CIT(A) decision and upholding the Assessing Officer's addition for disallowance of discount on sales under sections 195 and 40(a)(i) of the Income Tax Act. The Tribunal found that the discount provided was akin to interest due to advance payment, making TDS deductible under section 195. Despite arguments and citations presented by the assessee, the Tribunal concluded that the disallowance was justified, emphasizing the obligation for TDS deduction on such discounts. en-us Fri, 05 Sep 2014 00:00:00 +0530 Fri, 09 Jan 2015 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255157 The Tribunal allowed the Revenue's appeal, reversing the CIT(A) decision and upholding the Assessing Officer's addition for disallowance of discount on sales under sections 195 and 40(a)(i) of the Income Tax Act. The Tribunal found that the discount provided was akin to interest due to advance payment, making TDS deductible under section 195. Despite arguments and citations presented by the assessee, the Tribunal concluded that the disallowance was justified, emphasizing the obligation for TDS deduction on such discounts. Case-Laws Income Tax Fri, 05 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255157