Held that the amounts due to CCIL are automatically deducted and charged to the assessees account and consequently, assessee cannot be held guilty for non-deduction of TDS on professional or clearing charges paid by it to CCIL; that apart, CCIL is payment system company duly authorized by the RBI and therefore assessee is excluded from the purview of tax deduction at source vide Notification No. 47 of 2016, dt. 17th June, 2016, issued by CBDT, addition made by the AO for non-deduction of TDS under s. 194J from the amounts paid to CCIL is deleted.\u00a0 Followed, Suchitra Component Ltd. [Civil Appeal No. 3596 of 2005, dt. 17th Jan., 2007 (SC)(AY.2014-15 & 2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 194J: Deduction at source-Fees for professional or technical services-Clearing charges or professional charges paid to CCIL-The AO is directed to delete the addition.[S.201(1), Form No.26A]<\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-62091","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-g9t","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62091","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=62091"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62091\/revisions"}],"predecessor-version":[{"id":62092,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62091\/revisions\/62092"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=62091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=62091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=62091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}