2017 (4) TMI 1262

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..... ibunal was correct in coming to the conclusion that the provisions of Section 194-C and not Section 194I of the Act were attracted - 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 - the assessee had correctly deducted tax at source u/s 194C of the Act. - Decided against revenue - ITA Nos.25 .....

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..... ng of buses and made deduction of tax at source u/s 194C @ 2%. The Assessing Officer, in his order u/s 201(1A), treated such payment as Rent and directed to deduct tax at source u/s 194I at 10%. The action of the AO was overturned in the first appeal. It is seen that similar issue came up for consideration before the Agra Tribunal in the case of UPSRTC, Aligarh in ITA No.52 53/Agra/2011. The T .....

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