Dismissing the appeal of the Revenue the Court held that the Tribunal is justified in deleting the disallowances under section 40(a)(i) in respect of commission and sitting fees to the directors of the company, as the amendment to section 194J w.e.f Ist July 2012 was not applicable for the relevant assessment year. (AY. 2008 -09)
PCIT v. EIH Ltd ( 2022) 329 CTR 95/ 218 DTR 389 (Cal)( HC)
S. 40(a)(ia): Amounts not deductible – Deduction at source – Commission and sitting fees to directors – Amended provision of section 194J is not applicable – Deletion of addition is justified [ S. 194H , 194J ]