2019 (4) TMI 1453 - HC - Income Tax

Applicability of Section 194A in relation to the payment of bank guarantee commission - excluding bank guarantee commission from the purview of Sec.194A, even when the payment was made prior to CBDT's Notification No.56/2012 dated 31.12.2012 - HELD THAT - Revenue candidly pointed out that in case of Commissioner of Income TaxTDS2 Vs. Nimbus Communications Ltd. 2019 (2) TMI 650 - BOMBAY HIGH COURT such an issue had come up for consideration, revenue's appeals were dismissed. Without recording separate reasons, this appeal is also dismissed.

Summary

The Bombay High Court dismissed the revenue's appeal challenging the ITAT judgment regarding the exclusion of bank guarantee commission from Sec.194A of the Income Tax Act, 1961. The decision was based on a similar case involving Commissioner of Income TaxTDS2 Vs. Nimbus Communications Ltd. where the revenue's appeals were also dismissed.