No TDS liability in the Absence of Principal-Agent Relationship between Bank and Contractor during issue of Bank Guarantee: ITAT [Read Order]

The  Income Tax  Appellate  Tribunal (ITAT) held that when there is no principal-agent relationship between the bank issuing bank guarantee and the assessee, the transaction between them is not the transaction between principal and agent so as to attract tax deduction under section 194H of the Act. The order was rendered by a tribunal bench […]

The post No TDS liability in the Absence of Principal-Agent Relationship between Bank and Contractor during issue of Bank Guarantee: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

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