Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2014 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (8) TMI 427 - HC - Income TaxTDS on hiring of Buses - pick-up and drop facilities for the employees - Liability to deduct TDS @ 2% u/s 194C or u/s 194I – Explanation to section 194I not considered – Held that:- The Tribunal has rightly held that the contract would indicate that the assessee has not taken possession of the buses - assessee had deducted the tax at source u/s 194C - Revenue contended that the deduction at source ought to have been made u/s 194 I of the Act - the agreement between the assessee and the transporters was not akin to the taking of any 'plant' or 'machinery' on lease or any other similar arrangement - on the contrary, Section 194C of the Act was attracted - the assessee had correctly deducted tax at source u/s 194C of the Act – Decided against Revenue.
|