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Income Tax - Highlights / Catch Notes

Home Highlights December 2021 Year 2021 This

TDS u/s 194I - Additional discount given is by way of godown ...


High Court Upholds Tribunal's Decision: Godown Rent Discounts u/s 194I Are Independent Business Decisions by Assessees.

December 9, 2021

Case Laws     Income Tax     HC

TDS u/s 194I - Additional discount given is by way of godown rent - Tribunal is absolutely right in holding that every assessee is required to decide its own business affairs. The manner of conducting the business also gives it a fillip, which shall need to be essentially decided by the assessee and no one can comment and run his business usurping his position. - HC

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