https://www.taxtmi.com/caselaws?id=204953 The Delhi High Court upheld the Tribunal's decision that car lease rentals were not covered under section 194C but classified as lease rentals under the Income-tax Act, 1961. The court found the agreement was solely for leasing vehicles without maintenance or transport responsibilities, leading to the dismissal of the revenue's appeal. Payments for leasing vehicles without additional obligations are not subject to TDS deduction under section 194C. The judgment emphasized the significance of factual findings in determining contract nature for tax purposes. en-us Mon, 12 Apr 2010 00:00:00 +0530 Sat, 03 Sep 2011 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204953 The Delhi High Court upheld the Tribunal's decision that car lease rentals were not covered under section 194C but classified as lease rentals under the Income-tax Act, 1961. The court found the agreement was solely for leasing vehicles without maintenance or transport responsibilities, leading to the dismissal of the revenue's appeal. Payments for leasing vehicles without additional obligations are not subject to TDS deduction under section 194C. The judgment emphasized the significance of factual findings in determining contract nature for tax purposes. Case-Laws Income Tax Mon, 12 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204953