2023 (5) TMI 1038 - AT - Income Tax

TDS u/s 194H - Disallowance u/s 40(a)(ia) - service fees retained by the bank on credit card charges - HELD THAT:- As perused the material available on record we find that the coordinate bench of the Tribunal in assessee’s own case in Future Retail Limited [2017 (5) TMI 1745 - ITAT MUMBAI] for the assessment year 2010-11, after following various judicial pronouncements on similar issue held that the commission paid to the credit card companies is not subject to the TDS provisions of the Act - Decided against revenue.