https://www.taxtmi.com/caselaws?id=278630 The Tribunal upheld the decision of the ld. Commissioner of Income Tax (Appeals), ruling that the provisions of section 40(a)(ia) read with section 194H of the Income Tax Act did not apply in the case of commission payments on credit cards to banks. This resulted in the dismissal of the Revenue's appeal challenging the allowance of such payments to banks by the assessee, a retailer in electronic goods. The Tribunal agreed with the lower authorities' interpretation that TDS was not required on the commission retained by Card Companies, leading to the deletion of the disallowed expenditure under section 40(a)(ia) of the Act. en-us Fri, 01 May 2015 00:00:00 +0530 Fri, 15 Feb 2019 08:05:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278630 The Tribunal upheld the decision of the ld. Commissioner of Income Tax (Appeals), ruling that the provisions of section 40(a)(ia) read with section 194H of the Income Tax Act did not apply in the case of commission payments on credit cards to banks. This resulted in the dismissal of the Revenue's appeal challenging the allowance of such payments to banks by the assessee, a retailer in electronic goods. The Tribunal agreed with the lower authorities' interpretation that TDS was not required on the commission retained by Card Companies, leading to the deletion of the disallowed expenditure under section 40(a)(ia) of the Act. Case-Laws Income Tax Fri, 01 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278630