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TDS u/s 195 - withhold tax on the payments made to the MRI ...


Tax Withholding Dispute u/s 195: Nature of Relationship Between Assessee and MRI Company to be Re-examined.

January 6, 2023

Case Laws     Income Tax     AT

TDS u/s 195 - withhold tax on the payments made to the MRI company - assessee contended that it is acting as a collection agent on its behalf - Neither the assessee nor the lower authorities have been able to bring on record the correct facts as to the relationship between the assessee and the MRI company viz., whether it is a principal-agent or principal - principal relationship. Hence, the contentions raised by the assessee before us remains unsubstantiated and unverified. - Matter restored back - AT

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