Promissory note presumption of consideration survives blank-signature and income-tax non-disclosure objections when admissions and attesting evidence ...
Charitable registration cancellation: limitation and jurisdiction upheld, but withdrawal quashed under discontinued provisions for skill-development e...
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ITAT held that payments made by the assessee to an unnamed service provider for composing and DTP of manuscripts constitute contract work falling within the scope of section 194C and do not amount to technical or professional fees under the explanation to section 194J. Consequently, the assessee's deduction of tax at source at 2% from contractual payments was held to be correct. The Tribunal directed the Assessing Officer to delete the demand raised for alleged short deduction under section 194J and allowed the assessee's appeal, thereby dismissing the revenue's contention and removing the resultant tax demand.
ITAT held that payments made by the assessee to an unnamed service provider for composing and DTP of manuscripts constitute contract work falling within the scope of section 194C and do not amount to technical or professional fees under the explanation to section 194J. Consequently, the assessee's deduction of tax at source at 2% from contractual payments was held to be correct. The Tribunal directed the Assessing Officer to delete the demand raised for alleged short deduction under section 194J and allowed the assessee's appeal, thereby dismissing the revenue's contention and removing the resultant tax demand.
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