{"id":8911,"date":"2019-12-27T06:24:45","date_gmt":"2019-12-27T06:24:45","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-nimbus-communications-ltd-2019-266-taxman-376-bom-hc-editorial-slp-of-revenue-is-dismissed-cit-v-nimbus-communications-ltd-2019-266-taxman-375-sc\/"},"modified":"2020-05-26T03:02:09","modified_gmt":"2020-05-26T03:02:09","slug":"cit-v-nimbus-communications-ltd-2019-266-taxman-376-bom-hc-editorial-slp-of-revenue-is-dismissed-cit-v-nimbus-communications-ltd-2019-266-taxman-375-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-nimbus-communications-ltd-2019-266-taxman-376-bom-hc-editorial-slp-of-revenue-is-dismissed-cit-v-nimbus-communications-ltd-2019-266-taxman-375-sc\/","title":{"rendered":"CIT  v. Nimbus Communications Ltd. (2019) 266 Taxman 376 (Bom.)(HC)  Editorial: SLP of revenue is dismissed; CIT  v. Nimbus Communications Ltd. (2019)  266 Taxman 375 (SC)\/416 ITR 128 (St.)(SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that payment of guarantee commission made by assessee to banks was not covered under commission or brokerage\u00a0 as defined under S.194H of the Act.\u00a0 Followed CIT v. Larsen &amp; Toubro Ltd ( 2019) 260 Taxman 271 (Bom.)(HC)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 194H : Deduction at source\u2013Commission or brokerage\u2013 Guarantee commission paid to bank is not covered under commission or brokerage\u2013Not liable to deduct tax at source. [S. 201(1), 201(IA)]<\/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-8911","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2jJ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8911","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=8911"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8911\/revisions"}],"predecessor-version":[{"id":11628,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/8911\/revisions\/11628"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=8911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=8911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=8911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}