https://www.taxtmi.com/caselaws?id=183693 The ITAT dismissed the revenue's appeal, upholding the decisions of the Learned CITA on both issues. The addition made towards a discrepancy in expenses and the deletion of an addition on account of bogus creditors were both affirmed. The tribunal emphasized that the nature of transactions should prevail over nomenclature in books of accounts, ruling that section 194H applies only in principal-to-agent relationships. en-us Fri, 27 Nov 2015 00:00:00 +0530 Sat, 02 Jul 2016 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183693 The ITAT dismissed the revenue's appeal, upholding the decisions of the Learned CITA on both issues. The addition made towards a discrepancy in expenses and the deletion of an addition on account of bogus creditors were both affirmed. The tribunal emphasized that the nature of transactions should prevail over nomenclature in books of accounts, ruling that section 194H applies only in principal-to-agent relationships. Case-Laws Income Tax Fri, 27 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183693