https://www.taxtmi.com/caselaws?id=379389 The High Court upheld the Tribunal's decisions in a case involving the interpretation of section 194H of the Income Tax Act regarding tax deduction on amounts retained by a bank/credit card agency and the classification of payments for lounge premises. The Court ruled that the bank's fee for banking services did not qualify as commission or brokerage under section 194H due to the absence of an agency relationship. Additionally, the payments made by an Airlines Company for lounge space were not considered rent under section 194I as the Company did not have exclusive use of the premises. en-us Tue, 23 Apr 2019 00:00:00 +0530 Wed, 29 Jan 2020 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379389 The High Court upheld the Tribunal's decisions in a case involving the interpretation of section 194H of the Income Tax Act regarding tax deduction on amounts retained by a bank/credit card agency and the classification of payments for lounge premises. The Court ruled that the bank's fee for banking services did not qualify as commission or brokerage under section 194H due to the absence of an agency relationship. Additionally, the payments made by an Airlines Company for lounge space were not considered rent under section 194I as the Company did not have exclusive use of the premises. Case-Laws Income Tax Tue, 23 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379389