JCIT, (TDS)(OSD)-2(3), Mumbai v. Neo Sports Broadcast Pvt. Ltd
[Citation -2019-LL-0919-121]
| Citation | 2019-LL-0919-121 |
|---|---|
| Appellant Name | JCIT, (TDS)(OSD)-2(3), Mumbai |
| Respondent Name | Neo Sports Broadcast Pvt. Ltd. |
| Court | ITAT-Mumbai |
| Relevant Act | Income-tax |
| Date of Order | 19/09/2019 |
| Assessment Year | 2010-11 |
| Judgment | View Judgment |
| Keyword Tags | guarantee commission • bank guarantee • low tax effect |
| Bot Summary: | The Revenue has raised the following common grounds in its appeals except for figures: - 2 ITA Nos. On the facts and in the circumstances of the case and in law, the CIT(A) erred in excluding bank guarantee commission from the purview of Section 194A, even when the payment was made prior to CBDT's Notification No.56/2012 dated 31.12.2012 1.2. At the time of hearing Ld. DR has stated that the tax effect on the issue in the present appeals is below. 50 Lacs and in view of the CBDT Circular No. 17/2019 dated 08.08.2019 in F.No. 142/2007-ITJ, the appeals of the Revenue are not maintainable. In view of the above submissions we dismiss the appeals of the Revenue on account of low tax effect. In the result, appeals of the Revenue are dismissed. |