Pigmy commission treatment as salary vis-à-vis TDS u/s 192 needs re-verification

Shri Basaveswar Credit Co-op Society Ltd Vs ITO (ITAT Bangalore)

ITAT Bangalore held that the pigmy commission will be treated as a salary and subject to the TDS under section 192 of the Act. Accordingly, matter remanded for verification.

Facts- AO observed that the assessee has debited Rs. 1.00/- lakh towards audit fee and pigmy commission of Rs.5,68,149/- to pigmy agen

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