No disallowance for not deducting TDS on minimum hotel booking guarantee expense

Oravel Stays Pvt Ltd Vs ACIT (ITAT Delhi)

In a significant ruling, the Income Tax Appellate Tribunal (ITAT) Delhi has delivered a judgment in favor of Oravel Stays Pvt Ltd, challenging the order of the Commissioner of Income Tax (Appeals) – 38, Delhi dated 30.05.2019 for the Assessment Year 2015-16. The core issue revolved around the disallowance of Rs. 1,08,59,584 under section 40(a)(ia) of the Income-tax Act, 1961, concerning minimum guarantee expense of Rs. 3,61,98,948.

Detailed A

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