https://www.taxtmi.com/caselaws?id=267774 The Tribunal upheld the CIT(A)'s decision, ruling in favor of the assessee by emphasizing the specific nature of the relationship between the assessee and the banks. It was determined that TDS deduction under section 194H was not required for commission payments to banks for credit card transactions, as the banks were not acting as agents but providing transaction facilitation services. Legal precedents and the analysis of the relationship supported this conclusion, resulting in the dismissal of the Revenue's appeal. en-us Wed, 30 Sep 2015 00:00:00 +0530 Sat, 14 Nov 2015 12:15:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267774 The Tribunal upheld the CIT(A)'s decision, ruling in favor of the assessee by emphasizing the specific nature of the relationship between the assessee and the banks. It was determined that TDS deduction under section 194H was not required for commission payments to banks for credit card transactions, as the banks were not acting as agents but providing transaction facilitation services. Legal precedents and the analysis of the relationship supported this conclusion, resulting in the dismissal of the Revenue's appeal. Case-Laws Income Tax Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267774