No Section 194J TDS if Consultancy Charges not exceeds Rs. 30,000: ITAT

Sunil Ghorawat Vs ACIT (ITAT Delhi) 

The Income Tax Appellate Tribunal (ITAT) Delhi, in the case of Sunil Ghorawat vs. ACIT, has provided a significant verdict regarding the application of Section 194J of the Income-tax Act, 1961, which pertains to the deduction of tax at source (TDS) on fees for professional or technical services. The tribunal’s decision revolves around two crucial points of litigation: the disallowance of a short term capital loss on the sale of shares and the disallowance under Section 40(a)

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