https://www.taxtmi.com/caselaws?id=270886 The Tribunal dismissed the Revenue's appeals, ruling that the assessee was not required to deduct tax under Section 194H for bank guarantee commission payments. Consequently, the interest levy under Section 201(1A) was negated. The decision was based on the interpretation of 'commission or brokerage' under Section 194H, emphasizing the absence of a principal-agent relationship between the bank issuing the guarantee and the assessee, thus excluding the bank guarantee commission from the scope of tax deduction. en-us Fri, 06 Nov 2015 00:00:00 +0530 Tue, 19 Jan 2016 07:09:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270886 The Tribunal dismissed the Revenue's appeals, ruling that the assessee was not required to deduct tax under Section 194H for bank guarantee commission payments. Consequently, the interest levy under Section 201(1A) was negated. The decision was based on the interpretation of 'commission or brokerage' under Section 194H, emphasizing the absence of a principal-agent relationship between the bank issuing the guarantee and the assessee, thus excluding the bank guarantee commission from the scope of tax deduction. Case-Laws Income Tax Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270886