Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (11) TMI 1465 - AT - Income TaxTDS u/s 194J - TDS liability of licence fees paid to IRCTC - Held that:- The issue in appeal is no longer res integra. A co-ordinate bench of this Tribunal, in assessee’s own case in respect of assessment under section 143(3) for the assessment years 2006-07 to 2011-12 has observed to hold that assessee’s licence fee payments to IRCTC were not liable for TDS and cannot be disallowed u/s. 40(a)(ia). Assessee by IRCTC dated 27.03.2014 and form no 26 has demonstrated that license fees paid by him for FY 2005-06 to 2010-11 has been included by IRCTC in its annual Profit & Loss account, Balance sheet and their returns of income. In view thereof we see no reason as to why the assessee shall be held to be liable for TDs and disallowance u/s 40(a)(ia). - Decided in favour of assessee.
|