https://www.taxtmi.com/caselaws?id=261445 The Tribunal upheld the decision that payments on account of credit card charges were akin to bank charges, not falling under the purview of commission subject to tax deduction at source. The appeals by the Revenue were dismissed, affirming the order treating the Assessee as not liable for TDS on the amount retained by HDFC Bank. The cross-objections by the Assessee were also rejected. The judgment clarified the distinction between bank charges and commission under Sec.194-H of the Income Tax Act, providing a detailed analysis based on relevant precedents and statutory provisions. en-us Fri, 20 Mar 2015 00:00:00 +0530 Mon, 13 Jul 2015 08:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261445 The Tribunal upheld the decision that payments on account of credit card charges were akin to bank charges, not falling under the purview of commission subject to tax deduction at source. The appeals by the Revenue were dismissed, affirming the order treating the Assessee as not liable for TDS on the amount retained by HDFC Bank. The cross-objections by the Assessee were also rejected. The judgment clarified the distinction between bank charges and commission under Sec.194-H of the Income Tax Act, providing a detailed analysis based on relevant precedents and statutory provisions. Case-Laws Income Tax Fri, 20 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261445