https://www.taxtmi.com/caselaws?id=179001 The Tribunal ruled in favor of the assessee, allowing the appeal against the disallowance of TDS on service fees charged by banks on credit card transactions. The Tribunal held that the bank's fees were not commission but deductions, not falling under the TDS provisions. Additionally, the department's objection on trading addition was dismissed due to the tax effect being below the threshold. This case emphasized the distinction between commission and fees in credit card transactions, resulting in a favorable outcome for the assessee. en-us Thu, 02 Feb 2012 00:00:00 +0530 Mon, 14 Aug 2017 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179001 The Tribunal ruled in favor of the assessee, allowing the appeal against the disallowance of TDS on service fees charged by banks on credit card transactions. The Tribunal held that the bank's fees were not commission but deductions, not falling under the TDS provisions. Additionally, the department's objection on trading addition was dismissed due to the tax effect being below the threshold. This case emphasized the distinction between commission and fees in credit card transactions, resulting in a favorable outcome for the assessee. Case-Laws Income Tax Thu, 02 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179001