https://www.taxtmi.com/caselaws?id=339101 The Tribunal upheld the CIT (A)'s decision on various issues, dismissing the AO's appeal. It was ruled that processing fees paid to the bank were akin to upfront interest, not requiring TDS deduction. Guarantee fees were not considered commission or brokerage for TDS purposes. Payments for holding/display rights did not necessitate TDS deduction. The Tribunal affirmed these decisions, dismissing the revenue's arguments and setting aside interest levied under section 201(1A) due to the absence of TDS liability on the relevant payments. en-us Wed, 15 Feb 2017 00:00:00 +0530 Sat, 18 Feb 2017 14:50:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339101 The Tribunal upheld the CIT (A)'s decision on various issues, dismissing the AO's appeal. It was ruled that processing fees paid to the bank were akin to upfront interest, not requiring TDS deduction. Guarantee fees were not considered commission or brokerage for TDS purposes. Payments for holding/display rights did not necessitate TDS deduction. The Tribunal affirmed these decisions, dismissing the revenue's arguments and setting aside interest levied under section 201(1A) due to the absence of TDS liability on the relevant payments. Case-Laws Income Tax Wed, 15 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339101