https://www.taxtmi.com/caselaws?id=271068 The Tribunal held that the "Authority to Guarantee" expenditure incurred by the assessee did not fall within the definition of commission under Section 194H of the Income-tax Act, as there was no service rendered by the other party. Consequently, the assessee was not liable to deduct TDS, and the penalties and interest under Sections 201(1) and 201(1A) were set aside for the assessment years in question. The appeals of the assessee were allowed. en-us Fri, 06 Nov 2015 00:00:00 +0530 Mon, 25 Jan 2016 09:05:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271068 The Tribunal held that the "Authority to Guarantee" expenditure incurred by the assessee did not fall within the definition of commission under Section 194H of the Income-tax Act, as there was no service rendered by the other party. Consequently, the assessee was not liable to deduct TDS, and the penalties and interest under Sections 201(1) and 201(1A) were set aside for the assessment years in question. The appeals of the assessee were allowed. Case-Laws Income Tax Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271068