No liability to Deduct TDS on Payment made to Wholly-Owned Subsidiary Company in respect of Sales commission u/s 40 (a)(i): ITAT deletes addition [Read Order]
There is no liability to deduct TDS and accordingly, deletion of addition made to the assessee’s income in respect of sales commission under Section 40(a)(i)
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has struck down the additional tax demand, concluding that no Tax Deducted at Source ( TDS ) liability exists on payments to Manthan Systems Inc. ( MSI ) for sales commission under section 40(a)(i). The brief facts leading to this case is this…
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