https://www.taxtmi.com/caselaws?id=194536 The appellant successfully challenged the deletion of processing fees, bank guarantee commission, and miscellaneous bank charges under sections 194H and 201(1A) of the Income Tax Act, 1961. The ld.CIT(A) agreed that processing fees were akin to interest and exempt from TDS. The deletion of bank charges was supported by the ITAT's decision, emphasizing the absence of a principal-agent relationship. As a result, the demands for TDS deduction were deleted, and the tribunal upheld the ld.CIT(A)'s decisions, dismissing the department's appeal on the interest levy issue. en-us Thu, 07 Jul 2016 00:00:00 +0530 Tue, 12 Sep 2017 21:47:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194536 The appellant successfully challenged the deletion of processing fees, bank guarantee commission, and miscellaneous bank charges under sections 194H and 201(1A) of the Income Tax Act, 1961. The ld.CIT(A) agreed that processing fees were akin to interest and exempt from TDS. The deletion of bank charges was supported by the ITAT's decision, emphasizing the absence of a principal-agent relationship. As a result, the demands for TDS deduction were deleted, and the tribunal upheld the ld.CIT(A)'s decisions, dismissing the department's appeal on the interest levy issue. Case-Laws Income Tax Thu, 07 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194536