https://www.taxtmi.com/caselaws?id=262194 The Tribunal ruled in favor of the assessee, overturning the disallowance of payment made to HDFC Bank for credit card commission/discount. It was held that such payments were not subject to TDS provisions under section 194H, as they were deemed bank charges and not commission. The Tribunal emphasized the distinction between bank charges and commission in credit card transactions, providing clarity on the tax treatment in such cases. The addition made by the Assessing Officer under section 40(a)(ia) was deemed unsustainable and was deleted, resulting in the appeal by the assessee being allowed. en-us Fri, 07 Feb 2014 00:00:00 +0530 Mon, 03 Aug 2015 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262194 The Tribunal ruled in favor of the assessee, overturning the disallowance of payment made to HDFC Bank for credit card commission/discount. It was held that such payments were not subject to TDS provisions under section 194H, as they were deemed bank charges and not commission. The Tribunal emphasized the distinction between bank charges and commission in credit card transactions, providing clarity on the tax treatment in such cases. The addition made by the Assessing Officer under section 40(a)(ia) was deemed unsustainable and was deleted, resulting in the appeal by the assessee being allowed. Case-Laws Income Tax Fri, 07 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262194