https://www.taxtmi.com/caselaws?id=753123 ITAT MUMBAI - AT held that the part-interest retained by originating NBFCs on directly assigned loans constituted consideration for the purchase, not "interest" payable by the assignee, and therefore no TDS was deductible under s.194A. The payments were also not commission/brokerage under s.194H because NBFCs did not act as agent, nor were they professional/technical fees under s.194J. Consequently tax under s.201(1) and interest under s.201(1A) were not leviable on the assignee; the tribunal decided in favour of the assignee. en-us Tue, 07 May 2024 00:00:00 +0530 Fri, 13 Mar 2026 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753123 ITAT MUMBAI - AT held that the part-interest retained by originating NBFCs on directly assigned loans constituted consideration for the purchase, not "interest" payable by the assignee, and therefore no TDS was deductible under s.194A. The payments were also not commission/brokerage under s.194H because NBFCs did not act as agent, nor were they professional/technical fees under s.194J. Consequently tax under s.201(1) and interest under s.201(1A) were not leviable on the assignee; the tribunal decided in favour of the assignee. Case-Laws Income Tax Tue, 07 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753123