https://www.taxtmi.com/caselaws?id=121473 The Tribunal ruled in favor of the assessee, determining that the World Right Controller Agreement for film financing did not fall under the purview of Section 194C for TDS. It held that the advances were for financing purposes and not for carrying out work, thus the assessee was not in default under Sections 201(1) and 201(1A) and was not liable for interest under Section 201(1A). The appeals were allowed, overturning the CIT(A)'s decisions for all three assessment years. en-us Fri, 17 Apr 2009 00:00:00 +0530 Thu, 30 May 2013 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121473 The Tribunal ruled in favor of the assessee, determining that the World Right Controller Agreement for film financing did not fall under the purview of Section 194C for TDS. It held that the advances were for financing purposes and not for carrying out work, thus the assessee was not in default under Sections 201(1) and 201(1A) and was not liable for interest under Section 201(1A). The appeals were allowed, overturning the CIT(A)'s decisions for all three assessment years. Case-Laws Income Tax Fri, 17 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121473