ACIT v. PC Jewellers Ltd. (2022)93 ITR 244 (Delhi)(Trib.)

S. 40(a)(ia) : Amounts not deductible-Deduction at source-Bank guarantee commission and credit card commission-Deducted by Banks-No disallowance can be made.

Held, that it was the normal trade practice in this business to accept the payment through credit cards and debit cards. For facilitating the payment through credit cards and debit cards, the bank deducted some bank charges automatically upon receipt of payment. Only the net amount was actually received by the assessee. Therefore, the disallowance made under section 40(a)(ia) not sustainable.(AY.2013-14, 2014-15)