https://www.taxtmi.com/caselaws?id=374909 The Tribunal ruled in favor of the appellant, a subsidiary of Stock Holding Corporation of India Limited, stating that payments made to a holding company for sub-brokerage fall under Section 194H, requiring mandatory tax deduction at a rate of 5%. The Tribunal differentiated between Sections 194J and 194H of the Income Tax Act, emphasizing the necessity of adhering to the correct section based on the nature of payments to ensure compliance with tax deduction requirements. The decision dismissed the Income Tax Appeal, affirming the statutory position and deleting the disallowance under Section 40A(2)(b). en-us Tue, 05 Feb 2019 00:00:00 +0530 Tue, 12 Feb 2019 07:06:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374909 The Tribunal ruled in favor of the appellant, a subsidiary of Stock Holding Corporation of India Limited, stating that payments made to a holding company for sub-brokerage fall under Section 194H, requiring mandatory tax deduction at a rate of 5%. The Tribunal differentiated between Sections 194J and 194H of the Income Tax Act, emphasizing the necessity of adhering to the correct section based on the nature of payments to ensure compliance with tax deduction requirements. The decision dismissed the Income Tax Appeal, affirming the statutory position and deleting the disallowance under Section 40A(2)(b). Case-Laws Income Tax Tue, 05 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374909