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2017 (4) TMI 1262 - AT - Income TaxTDS u/s 194C OR u/s 194I - payments made by the assessee for hiring of buses - Held that:- As decided in CIT (TDS) vs. UPSRTC [2014 (8) TMI 462 - ALLAHABAD HIGH COURT] the Tribunal has rightly held that the contract would indicate that the assessee has not taken possession of the buses - the Tribunal was correct in coming to the conclusion that the provisions of Section 194-C and not Section 194I of the Act were attracted - the agreement between the assessee and the transporters was not akin to the taking of any 'plant' or 'machinery' on lease or any other similar arrangement - the assessee had correctly deducted tax at source u/s 194C of the Act. - Decided against revenue
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