https://www.taxtmi.com/caselaws?id=387172 The Tribunal allowed the appeal, ruling in favor of the assessee and deleting the addition of bank guarantee commission. The Tribunal held that the TDS provisions were not applicable due to the absence of a principal-agent relationship between the bank and the assessee, and the nature of the payment was considered akin to interest, exempting it under Section 194A(3)(iii). en-us Tue, 03 Sep 2019 00:00:00 +0530 Fri, 18 Oct 2019 07:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387172 The Tribunal allowed the appeal, ruling in favor of the assessee and deleting the addition of bank guarantee commission. The Tribunal held that the TDS provisions were not applicable due to the absence of a principal-agent relationship between the bank and the assessee, and the nature of the payment was considered akin to interest, exempting it under Section 194A(3)(iii). Case-Laws Income Tax Tue, 03 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387172