{"id":5643,"date":"2019-06-04T12:39:18","date_gmt":"2019-06-04T12:39:18","guid":{"rendered":"http:\/\/itatonline.org\/digest\/pcit-v-hotel-leela-venture-ltd-2019-174-dtr-247-307-ctr-466-bom-hc\/"},"modified":"2020-02-09T08:29:18","modified_gmt":"2020-02-09T08:29:18","slug":"pcit-v-hotel-leela-venture-ltd-2019-174-dtr-247-307-ctr-466-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-hotel-leela-venture-ltd-2019-174-dtr-247-307-ctr-466-bom-hc\/","title":{"rendered":"PCIT v. Hotel Leela Venture Ltd. (2019) 174 DTR 247\/307 CTR 466 \/( 2020) 420 ITR 385  (Bom.)(HC)"},"content":{"rendered":"<p>Payments to banks for processing of credit card transactions is not liable for deduction of tax at source u\/s. 194H of the Act as in such transactions, the banks do not act as the \u2018agents\u2019 of the customer and therefore the payments cannot be characterised as commission. The banks enter into such transactions as independent parties. The fee charged\/retained by them is towards provision of banking services, and not brokerage or commission.\u00a0 Appeal of revenue is dismissed .Followed CIT\u00a0 v. JDS Apparels\u00a0\u00a0 P. Ltd ( 2015) 370 ITR 454 (Bom) (HC),CIT (TDS) v .Larsen and Toubro Ltd , \u00a0ITA No . 769 of 2016 dt 4-12- 2018 \u00a0(Bom) (HC) \u00a0)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 40(a)(ia) : Amounts not deductible &#8211; Deduction at source \u2013Commission or brokerage \u2013 Payment to banks for processing of credit card transactions not liable to deduction u\/s. 194H. [ S. 194C, 194H ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5643","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1t1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=5643"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5643\/revisions"}],"predecessor-version":[{"id":9735,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5643\/revisions\/9735"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=5643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=5643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=5643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}