https://www.taxtmi.com/caselaws?id=206807 The Tribunal upheld the CIT(A)'s decision regarding the interpretation of TDS provisions for payment made for repairing a transformer. It ruled that TDS should only be deducted on labor charges, not on material costs, as per the contract terms. The Tribunal found that the CBDT circular on tax deduction from the gross amount did not apply in this case. The AO's assessment of interest under section 201(1A) for non-deduction of TDS was deemed unwarranted, and the department's appeal against the CIT(A)'s decision was dismissed. en-us Fri, 10 Dec 2010 00:00:00 +0530 Thu, 17 Nov 2011 08:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206807 The Tribunal upheld the CIT(A)'s decision regarding the interpretation of TDS provisions for payment made for repairing a transformer. It ruled that TDS should only be deducted on labor charges, not on material costs, as per the contract terms. The Tribunal found that the CBDT circular on tax deduction from the gross amount did not apply in this case. The AO's assessment of interest under section 201(1A) for non-deduction of TDS was deemed unwarranted, and the department's appeal against the CIT(A)'s decision was dismissed. Case-Laws Income Tax Fri, 10 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206807