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2015 (1) TMI 744 - AT - Income TaxLiability to deduct TDS - assessees in the present case are joint ventures/consortiums - payments made to their constituent members on account of execution of contract work - AO treated assessee as the assessees in default under S.201(1) - Held that:- There being no relationship of contractor and subcontractor between the assessee AOP/joint venture and its constituent members, tax at source was not required to be deducted from the payments made by the assessee AOP to its members, as per the provisions of S.194C(2), and consequently, there was no question of treating the assessees as in default under S.201(1). We therefore, uphold the impugned order of the learned CIT(A) and dismiss these appeals filed by the Revenue. - Decided in favour of assessee.
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