TMI Blog2015 (5) TMI 1176X X X X Extracts X X X X X X X X Extracts X X X X ..... ITAT BANGALORE], wherein, it was held that there is no requirement of making TDS on the commission retained by Card Companies, opined that the provisions of section 40(a)(ia) r.w.s 194H of the Act are not applicable, deleted the addition. We find no infirmity in the conclusion of the ld. Commissioner of Income Tax (Appeals) under the facts available on record - Decided in favour of assessee. - IT ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee and tend to dispose of this appeal on the basis of material available on record. Shri Sachidanand Dubey, ld. DR, defended the conclusion arrived at in the assessment order by advancing his arguments identical to the ground raised. 2.1. We have considered the submissions of ld. DR and perused the material available on record. The facts, in brief, are that the assessee is in the busines ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... urther the transaction may termed as credit card MSF charges but in essence, it is in the nature of bank charges, stop payment charges, cheque book request charges, etc. The ld. Assessing Officer completed the assessment disallowing the expenditure of ₹ 5,02,36,000/- incurred on account of payment of processing charges to HDFC bank on total amount swiped through customer credit card and expe ..... X X X X Extracts X X X X X X X X Extracts X X X X
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