Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2019 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (7) TMI 2000 - AT - Income TaxTDS u/s 194H - amount retained by the banks/credit card agencies for rendering credit card processing service - HELD THAT:- It’s not the case of the Revenue that the decision of JDS Apparels [2014 (11) TMI 732 - DELHI HIGH COURT] wherein held Section 194H would not be attracted has no obligation to the facts of the case. When there is no relationship of principal between the assessee and the banks and the bank has no obligation to deduct TDS in respect of the amounts retained by the banks towards the service charges. We, therefore, while accepting the contention of the assessee upheld the order passed by the ld. CIT(A) and dismiss the appeal of the Revenue.
|