https://www.taxtmi.com/caselaws?id=310460 The Delhi HC upheld ITAT's decision that TDS under Section 194H was not applicable on charges retained by banks/credit card agencies from sale proceeds of tickets booked through credit/debit cards. The court followed JDS Apparels precedent, ruling that banks were not acting as agents of the assessee. The amount retained by acquiring banks constituted fees for banking services, not commission or brokerage for acting on behalf of another in buying/selling goods. The court distinguished between direct payment processing services and agency relationships, concluding Section 194H requirements were not triggered. Decision favored the assessee against revenue authorities. en-us Thu, 24 Nov 2022 00:00:00 +0530 Thu, 26 Oct 2023 07:43:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310460 The Delhi HC upheld ITAT's decision that TDS under Section 194H was not applicable on charges retained by banks/credit card agencies from sale proceeds of tickets booked through credit/debit cards. The court followed JDS Apparels precedent, ruling that banks were not acting as agents of the assessee. The amount retained by acquiring banks constituted fees for banking services, not commission or brokerage for acting on behalf of another in buying/selling goods. The court distinguished between direct payment processing services and agency relationships, concluding Section 194H requirements were not triggered. Decision favored the assessee against revenue authorities. Case-Laws Income Tax Thu, 24 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310460