PCIT v. Spice Jet Ltd. (2023)457 ITR 595 (Delhi)(HC)

S. 40(a)(ia) : Amounts not deductible-Deduction at source-Credit card processing fees-Not commission-Not liable to deduct tax at source.[S. 194H]

Held that the amount retained by the banks or credit card agencies for rendering credit card processing service would not amount to commission within the ambit of section 194H of the Income-tax Act, 1961 and that the assessee was not required to deduct tax on charges retained by them out of sale consideration of tickets booked through credit or debit cards. (AY.2011-12, 2012-13, 2013-14)