Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2011 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (7) TMI 662 - ITAT, DELHITDS - Assessee in business of installation of Sugar mill paper debited amount under head 'lease rent for crane' - Show cause issued for non deduction of Tax under 194C - Assessee argued cranes are provided with an operator, who operates the cranes. No work is decided to be undertaken by the crane owners. Payments are to be maade irrespective of use - Held That:- For applicability of 194C payment are to be related co-related with the output of the work. Payments are for hire of machinery. Payment made to the crane owners was not at all related to the work/out-put made by the cranes and it was with reference to the period of lease. even CBDT circular supports assessee.
Reduction in Dis allowances by CIT - Held That:- Reasonable disallowance has been upheld by the ld. CIT (Appeals), we decline to interfere.
|