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 Analysis: Oravel Stays Pvt Ltd, the assessee, filed its return declaring a loss of Rs. 29,82,76,660 for th...