https://www.taxtmi.com/caselaws?id=445852 ITAT Delhi ruled in favor of the assessee regarding TDS disputes. The tribunal held that factoring/bill discounting charges do not constitute interest under section 2(28A) and are not subject to TDS under section 194A. Additionally, these charges cannot be treated as commission liable for TDS under section 194H. Regarding freight charges, the tribunal found that when transporters submit declarations confirming they own fewer than 10 goods carriages along with PAN details, TDS under section 194C is not applicable. The additions made by AO and confirmed by CIT(A) were deleted, and the assessee's appeal was allowed. en-us Fri, 17 Nov 2023 00:00:00 +0530 Wed, 18 Dec 2024 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445852 ITAT Delhi ruled in favor of the assessee regarding TDS disputes. The tribunal held that factoring/bill discounting charges do not constitute interest under section 2(28A) and are not subject to TDS under section 194A. Additionally, these charges cannot be treated as commission liable for TDS under section 194H. Regarding freight charges, the tribunal found that when transporters submit declarations confirming they own fewer than 10 goods carriages along with PAN details, TDS under section 194C is not applicable. The additions made by AO and confirmed by CIT(A) were deleted, and the assessee's appeal was allowed. Case-Laws Income Tax Fri, 17 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445852