https://www.taxtmi.com/caselaws?id=220375 The Tribunal upheld the applicability of Section 194H to the discount on Starter Kits and Recharge Vouchers, treating the price difference as commission. However, it confirmed that Merchant Discount Rate charges retained by banks on credit card transactions are not considered commission under Section 194H. The Tribunal directed the Assessing Officer to revisit the tax liability determination under Section 201(1) following a Supreme Court decision, partially allowing the appeals on this issue. Appeals contesting the interest levy under Section 201(1A were dismissed. en-us Tue, 27 Nov 2012 00:00:00 +0530 Sat, 08 Oct 2022 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220375 The Tribunal upheld the applicability of Section 194H to the discount on Starter Kits and Recharge Vouchers, treating the price difference as commission. However, it confirmed that Merchant Discount Rate charges retained by banks on credit card transactions are not considered commission under Section 194H. The Tribunal directed the Assessing Officer to revisit the tax liability determination under Section 201(1) following a Supreme Court decision, partially allowing the appeals on this issue. Appeals contesting the interest levy under Section 201(1A were dismissed. Case-Laws Income Tax Tue, 27 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220375