Trade discounts by newspaper company to advertising agency not liable to TDS

CIT Vs ABP Private Limited (Calcutta High Court) Calcutta High Court held that TDS u/s 194H is not deductible on trade discounts given by the newspaper companies to Indian Newspaper Society (INS) accredited Advertising Agents. Facts- The substantial question involved in the present writ is that Whether the Income Tax Appellate Tribunal was justified in law in holding that trade discount allowed by the assessee to INS accredited Advertising Agent was not in the nature of Commission and therefore not subjected to TDS under the provision of Section 194H of the Income Tax Act. Conclusion- Hon’bl...