https://www.taxtmi.com/caselaws?id=375176 Merchant discount or collection charges retained by banks on credit card transactions were held not to constitute commission under section 194H where the bank processed the payment on behalf of the customer and not as agent of the merchant. On that basis, no tax deduction at source arose on such charges, and the consequential interest liability under section 201(1A) also did not survive. The assessee was therefore not liable to deduct tax at source, and the related demand and interest were unsustainable. en-us Wed, 13 Feb 2019 00:00:00 +0530 Fri, 15 Feb 2019 08:10:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375176 Merchant discount or collection charges retained by banks on credit card transactions were held not to constitute commission under section 194H where the bank processed the payment on behalf of the customer and not as agent of the merchant. On that basis, no tax deduction at source arose on such charges, and the consequential interest liability under section 201(1A) also did not survive. The assessee was therefore not liable to deduct tax at source, and the related demand and interest were unsustainable. Case-Laws Income Tax Wed, 13 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375176