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2015 (11) TMI 914 - AT - Income TaxDisallowance under section 40(a)(ia) of the Act - non deduction of TDS u/s 194C on payments made to the so called transporters - Held that:- Assessing Officer failed to appreciate that there is no privity of contract between the assessee and the truck owners. He simply hired the vehicles from the owners and the entire risk of carrying the goods lies with him only and therefore privity of the contract does not lie with the assessee and the truck owners. Therefore there is no liability to deduct tax at source in respect of such payments - Decided in favour of assessee.
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