Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (7) TMI 681 - AT - Income TaxNon deduction of TDS u/s 194J r.w.s. 9 of IT Act - payments made in the nature of royalty - Held that:- The transactions on account of the agreement between the producers and the assessee appears to be the sale of world negative rights on perpetual and permanent basis and the provisions of section 194J are not applicable and there is no liability to deduct tax at source. The disallowance made by the AO u/s 40(a)(ia) is to be deleted. See ACIT vs. Aishwarya Arts Creations (P) Ltd [2014 (12) TMI 1015 - ITAT HYDERABAD] and Mrs. K. Bhagyalakshmi Versus The Deputy Commissioner of Income Tax [2013 (12) TMI 1215 - MADRAS HIGH COURT ] - Decided in favour of assessee.
|