https://www.taxtmi.com/caselaws?id=378873 The High Court upheld the decision of the Tribunal and dismissed the Revenue's appeal regarding the deduction of TDS under section 194-H of the Income Tax Act by the assessee company on service charges withheld by banks/credit card agencies. The court ruled that the bank's charges for banking services did not fall under the category of commission or brokerage under section 194-H, emphasizing the absence of an agency relationship between the bank and the assessee. Consequently, the court found no question of law and aligned its decision with previous interpretations, ultimately dismissing the Income Tax Appeal. en-us Mon, 25 Mar 2019 00:00:00 +0530 Sun, 21 Apr 2019 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378873 The High Court upheld the decision of the Tribunal and dismissed the Revenue's appeal regarding the deduction of TDS under section 194-H of the Income Tax Act by the assessee company on service charges withheld by banks/credit card agencies. The court ruled that the bank's charges for banking services did not fall under the category of commission or brokerage under section 194-H, emphasizing the absence of an agency relationship between the bank and the assessee. Consequently, the court found no question of law and aligned its decision with previous interpretations, ultimately dismissing the Income Tax Appeal. Case-Laws Income Tax Mon, 25 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378873