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ITO, TDS Ward-1, Panaji, Goa Versus Department of Tourism, Govt. of Goa

2015 (10) TMI 1617 - ITAT PANAJI

TDS liability u/s 194C - payment made to contractors - CIT(A)deleted tds liability - Held that:- Clause 3(e) and 3(f) clearly shows that the amount of ₹ 10 crores retained by the contractor, M/s. Arihant Ship Breakers Pvt. Ltd. from the sale of the scrap is clearly payment received by M/s. Arihant Ship Breakers Pvt. Ltd. in lieu of the contract and against the bid of ₹ 99 crores being the final amount due to the contractor. Just because the contract has not been completed for reasons .....

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e order of the ld. CIT(A) on this issue is not sustainable on the facts of the case and consequently stands reversed. - Decided in favour of Revenue. - ITA Nos. 330 & 331/PNJ/2014 - Dated:- 16-6-2015 - George Mathan, JM And N. K. Billaiya, AM,JJ. For the Appellant : Raghu K Pikale, CA For the Respondent : Mehboob Ali Khan, Ld DR ORDER Per George Mathan 1. ITA No. 330/PNJ/2014 is an appeal filed by the Revenue against the order of CIT(A), Panaji in ITA No. 13/PNJ/13-14 dt. 23.6.2014 for the A.Y 2 .....

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bmission by the ld. DR that the Assessee, Department of Tourism had entered into a contract with one M/s. Arihant Ship Breakers Pvt. Ltd., Mumbai for the removal of a stranded vessel, M.V River Princess which was stranded in the shallow waters off Sinquerim beach. The contract was for an amount of ₹ 99 crores. The Government approved valuers had valued the scrap from the vessel at ₹ 14.01 crores which was to be adjusted towards the final payment. It was the submission that the scrap .....

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, Govt. of Goa, had not deducted TDS. Consequently, levy u/s 201(1) was raised alongwith interest u/s 201(1A) for the F.Y 2010-11 and 2011-12. It was the submission by the ld. DR that as the TDS had not been made, the levy was rightly made u/s 201 & 201(1A) for both the financial years. It was the submission that before the ld. CIT(A) the Assessee had contended that the contract was on "No Cure No Pay" condition and as the complete scrap had not been lifted, no payment had been mad .....

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of the contract and there was no condition of deposit in the contract between the Assessee and M/s. Arihant Ship Breakers Pvt. Ltd. and consequently, the same should not have been treated as a deposit but as part payment of the total consideration of ₹ 99 crores for which the contract was entered into between the Assessee and M/s. Arihant Ship Breakers Pvt. Ltd. 3. In reply, the ld. AR submitted that the said amount of ₹ 10 crores was only a deposit against the Bank guarantee of S .....

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contract was on "No Cure No Pay" basis. It was the submission that even as on today as there is still certain portion of the wreck at the site buried 3 to 6 mtrs. below the sea bed and consequently, the payment has not been disbursed to the contractor, viz. M/s. Arihant Ship Breakers Pvt. Ltd., Bombay. It was the submission that even the ld. CIT(A) has categorically confirmed in pg. 18 of his order that the Assessee, Department of Tourism has neither credited nor paid any amount to the .....

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