TDS u/s. 194H not deductible as payments to gateway providers are not brokerage

Knowledge Hut Solutions Pvt. Ltd. Vs DCIT (ITAT Bangalore)

ITAT Bangalore held that the payments made to gateway providers are not brokerage and TDS u/s. 194H of the Income Tax Act is not liable to be deducted.

Facts- The assessee filed its return of income for A.Y. 2018-19 declaring total income at Rs.3,67,36,490/-. The case was selected for limited scrutiny under CASS to verify the issue “verification of the genuineness of the expenses”. Notices u/s. 143(2) were issued under ITB

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