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No TDS is required to be deducted u/s 194H on credit card charges paid by assessee to Banks on payments received from customers on purchases made through credit Section 14A Assessee had utilised interest bearing funds to make said investments—In absence thereof, presumption would apply that assessee invested its own interest free funds to make investments in securities capable of yielding an exempt income—Revenue was not able to rebut said presumption—Revenue’s ground dismissed
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धारा 133(6) 131(1) के संबंध में महत्वपूर्ण जानकारी
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The statements of the employees, in search and seizure cases, can be used only if they are supported by some kind of collaborative evidence.