In absence of principal agent relationship TDS not deductible on bank guarantee commission 

NKC Projects (P) Ltd. Vs DCIT (ITAT Delhi) It could be seen from the assessment order that while dealing with the issue of allowability of the bank guarantee commission, learned Assessing Officer held that on identical facts in assessee’s own case for the assessment year 2011-12 an addition under section 40(a)(ia) of the Act was made and the same was confirmed by the Ld. CIT(A) in appeal. However the order dated 28/11/2018 in ITA No. 1517/del/2015 for the assessment year 2011-12 clearly shows that after following the orders of the Mumbai, Pune and Visakhapatnam benches of the Tribunal, a con...