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2014 (11) TMI 948 - HC - Income TaxAddition u/s 40(a)(ia) deleted – Applicability of section 194C – TDS not deducted on payment to sub-contract business of hiring, plying goods carrier - Held that:- The Tribunal rightly relied upon Commissioner of Income Tax v. Poompuhar Shipping Corporation Ltd. [2006 (1) TMI 60 - MADRAS High Court] wherein it has been held that hiring of ships for the purpose of using the same by Company would not amount to a contract for carrying out any work and payment of hire charges for taking temporary possession of the ships by the assessee would not fall within the provision of Section 194C of the Act - the assessee has hired trucks on payment of hire charges for utilizing the same in its business, such payment of hire charges would not fall within the provisions of Section 194C of the Act – thus, no substantial question of law arises for consideration – Decided against revenue.
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