2020 (2) TMI 272

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..... s (India) Ltd. [2019 (5) TMI 117 - BOMBAY HIGH COURT has answered the two questions in favour of the assessee and against the revenue. In the said decision, this Court vide affirming the similar findings returned by the Tribunal held that amount retained by a bank / credit card agency out of the sale consideration of tickets booked through credit cards is not covered under the definition of &# .....

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..... come Tax Appellate Tribunal, Mumbai A Bench, Mumbai ( Tribunal for short) in Income Tax Appeal No. 1458/Mum/2015 for the assessment year 2010-11. 3. The following two questions have been proposed as substantial questions of law:- (i) Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in upholding the order of the CIT(A) and holding that the .....

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..... essee and against the revenue. In the said decision, this Court vide affirming the similar findings returned by the Tribunal held that amount retained by a bank / credit card agency out of the sale consideration of tickets booked through credit cards is not covered under the definition of 'commission' or 'brokerage' given in explanation (i) to Section 194H of the Act and in such ci .....

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