AdvertisementDCIT (TDS) Vs Novartis Healthcare Private Limited (ITAT Mumbai) The Mumbai ITAT decided the Revenue’s appeal and the assessee’s Cross Objection arising from orders passed after a survey under Section 133A(2A) of the Income-tax Act for verification of TDS compliance. The Revenue had concluded that the respondent company had failed to deduct tax at source on (i) margins or discounts allowed to stockists under Section 194H, (ii) payments under the Employee Stock Ownership Plan (ESOP) under Section 192, and (iii) interest relating to delayed payments to Micro, Small and Medium Enterpri...