2013 (8) TMI 299

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....Rao, Accountant Member:- This appeal by the Revenue is directed against the order of the CIT(A)-V Hyderabad dated 21.12.2010 for the assessment year 2007-08, 2. At the time of hearing on 3.4.2012, none appeared on behalf of the Respondent-assessee, despite service of notice of hearing. There is not even an application for adjournment received from the assessee. In the circumstances, we proceed ....

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....egislative intent in enactment of the provisions of sec.194H." 4. We heard the Learned Departmental Representative and perused the orders of the lower authorities and other material on record. Assessee is a company engaged in the business of direct retail trading in consumer goods. Assessee claimed deduction of Rs. 16,34,000 on account of commission paid to the credit card companies, which has ....

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....f transactions, I find considerable merit in the contention of the appellant that commission paid to the credit card companies cannot be considered as falling with in the purview of S.194H. Even though the definition of the term "commission or brokerage" used in the said section is an inclusive definition, it is clear that the liability to make TDS under the said section arises only when a person ....