{"id":10619,"date":"2020-03-22T04:10:55","date_gmt":"2020-03-22T04:10:55","guid":{"rendered":"http:\/\/itatonline.org\/digest\/navnirman-highway-project-pvt-ltd-v-dcit-2019-75-itr-67-delhitrib\/"},"modified":"2020-03-22T04:10:55","modified_gmt":"2020-03-22T04:10:55","slug":"navnirman-highway-project-pvt-ltd-v-dcit-2019-75-itr-67-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/navnirman-highway-project-pvt-ltd-v-dcit-2019-75-itr-67-delhitrib\/","title":{"rendered":"Navnirman Highway Project Pvt. Ltd. v. DCIT (2019) 75 ITR 67 (Delhi)(Trib.)"},"content":{"rendered":"<p>The AO held the assessee is liable to deduct tax u\/s. 194H on the bank guarantee commission under the new scheme by Notification No 56\/2012 which came into force on 01-01-2013. The Tribunal reversed the lower authorities order, as there is no principal-agent relationship between the bank and the assessee, which is a mandatory condition for invoking the provisions of S. 194H. Further, it noted that the bank guarantee commission partook the character of interest u\/s. 2(28A), and the exemption provided u\/s. 194A(3)(iii) is available to assessee qua such payment. \u00a0(AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 194H : Deduction at source\u2013Bank guarantee commission\u2013No principal-agent relationship\u2013Not liable deduct tax at source. [s. 2(28A) and 194A(3)(iii)]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10619","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2Lh","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=10619"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10619\/revisions"}],"predecessor-version":[{"id":10620,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/10619\/revisions\/10620"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=10619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=10619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=10619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}