https://www.taxtmi.com/caselaws?id=294683 The tribunal upheld the allowance of the TDS claim on subscription charges for the assessee, emphasizing that the subscription income collected belonged to the principal entity and was not taxable in the hands of the assessee. The decision was based on the interpretation of section 199 of the Income-tax Act, affirming the assessee's entitlement to TDS credit as a collection agent. The tribunal rejected the Revenue's argument on 'low tax effect' and affirmed that the department could have treated the issue as recurring. Ultimately, the tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision in favor of the assessee. en-us Tue, 28 Oct 2014 00:00:00 +0530 Wed, 28 Apr 2021 11:51:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294683 The tribunal upheld the allowance of the TDS claim on subscription charges for the assessee, emphasizing that the subscription income collected belonged to the principal entity and was not taxable in the hands of the assessee. The decision was based on the interpretation of section 199 of the Income-tax Act, affirming the assessee's entitlement to TDS credit as a collection agent. The tribunal rejected the Revenue's argument on 'low tax effect' and affirmed that the department could have treated the issue as recurring. Ultimately, the tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision in favor of the assessee. Case-Laws Income Tax Tue, 28 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294683